Huttig Building Products, Inc. (HBP) Coverage Initiated at Singular Research

Research analysts at Singular Research assumed coverage on shares of Huttig Building Products, Inc. (NASDAQ:HBP) in a report issued on Monday. The firm set a “buy” rating and a $9.75 price target on the stock. Singular Research’s target price would suggest a potential upside of 52.58% from the company’s previous close.

Separately, TheStreet lowered Huttig Building Products from a “b-” rating to a “c” rating in a report on Tuesday, August 1st.

Shares of Huttig Building Products (NASDAQ:HBP) remained flat at $$6.39 during trading on Monday. 8,600 shares of the company were exchanged, compared to its average volume of 111,576. Huttig Building Products has a 52-week low of $5.00 and a 52-week high of $9.24. The firm has a market cap of $165.37, a price-to-earnings ratio of 45.64 and a beta of 1.72. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.18 and a current ratio of 2.45.

Huttig Building Products (NASDAQ:HBP) last posted its quarterly earnings results on Monday, October 30th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $199.60 million for the quarter. Huttig Building Products had a return on equity of 5.22% and a net margin of 0.34%.

Several large investors have recently added to or reduced their stakes in the company. Brandes Investment Partners LP bought a new stake in shares of Huttig Building Products during the 3rd quarter valued at $134,000. Weber Alan W lifted its position in shares of Huttig Building Products by 15.5% during the 3rd quarter. Weber Alan W now owns 2,097,317 shares of the company’s stock valued at $14,807,000 after acquiring an additional 281,300 shares during the period. Wells Fargo & Company MN lifted its position in shares of Huttig Building Products by 186,262.5% during the 3rd quarter. Wells Fargo & Company MN now owns 14,909 shares of the company’s stock valued at $105,000 after acquiring an additional 14,901 shares during the period. Malaga Cove Capital LLC lifted its position in shares of Huttig Building Products by 40.3% during the 3rd quarter. Malaga Cove Capital LLC now owns 72,228 shares of the company’s stock valued at $521,000 after acquiring an additional 20,737 shares during the period. Finally, Beck Mack & Oliver LLC lifted its position in shares of Huttig Building Products by 312.1% during the 3rd quarter. Beck Mack & Oliver LLC now owns 57,688 shares of the company’s stock valued at $407,000 after acquiring an additional 43,688 shares during the period. Hedge funds and other institutional investors own 50.59% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Huttig Building Products, Inc. (HBP) Coverage Initiated at Singular Research” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece on another website, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this piece can be read at https://sportsperspectives.com/2017/11/27/huttig-building-products-inc-hbp-coverage-initiated-at-singular-research.html.

About Huttig Building Products

Huttig Building Products, Inc is a domestic distributor of millwork, building materials and wood products used principally in residential construction and in home improvement, remodeling and repair work. The Company purchases from manufacturers and distributes its products through approximately 26 wholesale distribution centers serving over 41 states.

Receive News & Ratings for Huttig Building Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huttig Building Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply