StockNews.com Begins Coverage on Huttig Building Products (NASDAQ:HBP)

StockNews.com initiated coverage on shares of Huttig Building Products (NASDAQ:HBPGet Rating) in a research note issued to investors on Saturday. The firm issued a strong-buy rating on the stock.

Separately, TheStreet lowered Huttig Building Products from a b- rating to a c rating in a report on Tuesday, March 8th.

Shares of NASDAQ HBP opened at $10.70 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 2.05. The firm has a market cap of $292.42 million, a PE ratio of 6.05 and a beta of 2.38. The company’s 50 day simple moving average is $10.55. Huttig Building Products has a 12 month low of $3.95 and a 12 month high of $11.35.

Huttig Building Products (NASDAQ:HBPGet Rating) last posted its quarterly earnings results on Wednesday, March 2nd. The company reported $0.27 EPS for the quarter. Huttig Building Products had a return on equity of 66.00% and a net margin of 5.17%. The firm had revenue of $230.40 million during the quarter.

A number of large investors have recently modified their holdings of the stock. Lazard Asset Management LLC lifted its position in Huttig Building Products by 25.4% in the 1st quarter. Lazard Asset Management LLC now owns 6,120 shares of the company’s stock worth $65,000 after buying an additional 1,238 shares in the last quarter. Dorsey Wright & Associates lifted its holdings in Huttig Building Products by 15.6% during the 4th quarter. Dorsey Wright & Associates now owns 9,223 shares of the company’s stock valued at $102,000 after purchasing an additional 1,244 shares during the last quarter. Northern Trust Corp raised its stake in shares of Huttig Building Products by 4.3% in the fourth quarter. Northern Trust Corp now owns 39,505 shares of the company’s stock worth $437,000 after acquiring an additional 1,642 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Huttig Building Products by 13.2% during the first quarter. JPMorgan Chase & Co. now owns 14,307 shares of the company’s stock worth $153,000 after buying an additional 1,665 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Huttig Building Products by 24.3% during the second quarter. Morgan Stanley now owns 12,514 shares of the company’s stock valued at $73,000 after purchasing an additional 2,450 shares during the period. Hedge funds and other institutional investors own 54.10% of the company’s stock.

Huttig Building Products Company Profile (Get Rating)

Huttig Building Products, Inc, together with its subsidiaries, distributes millwork, building materials, and wood products for new residential construction, in-home improvement, remodeling, and repair works in the United States. The company offers various millwork products, including exterior and interior doors, pre-hung and factory finished door units, windows, patio doors, mouldings, frames, stair parts, and columns under the Therma-Tru, Masonite, Woodgrain, HB&G, Simpson Door, Final Frame, BrasPine, Arauco, Windsor Windows, and Rogue Valley Door brands.

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