Thomson Horstmann & Bryant Inc. Has $4.14 Million Position in Huttig Building Products Inc (NASDAQ:HBP)

Thomson Horstmann & Bryant Inc. raised its stake in Huttig Building Products Inc (NASDAQ:HBP) by 17.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 623,274 shares of the company’s stock after acquiring an additional 93,771 shares during the quarter. Thomson Horstmann & Bryant Inc. owned about 2.41% of Huttig Building Products worth $4,144,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brandes Investment Partners LP acquired a new stake in Huttig Building Products in the third quarter valued at approximately $134,000. Weber Alan W boosted its position in Huttig Building Products by 15.5% in the third quarter. Weber Alan W now owns 2,097,317 shares of the company’s stock valued at $14,807,000 after buying an additional 281,300 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Huttig Building Products by 186,262.5% during the third quarter. Wells Fargo & Company MN now owns 14,909 shares of the company’s stock worth $105,000 after purchasing an additional 14,901 shares during the period. Malaga Cove Capital LLC lifted its holdings in shares of Huttig Building Products by 40.3% during the third quarter. Malaga Cove Capital LLC now owns 72,228 shares of the company’s stock worth $521,000 after purchasing an additional 20,737 shares during the period. Finally, Beck Mack & Oliver LLC lifted its holdings in Huttig Building Products by 312.1% in the third quarter. Beck Mack & Oliver LLC now owns 57,688 shares of the company’s stock valued at $407,000 after buying an additional 43,688 shares during the period. 51.26% of the stock is currently owned by institutional investors.

Huttig Building Products Inc (NASDAQ HBP) opened at $7.19 on Thursday. Huttig Building Products Inc has a fifty-two week low of $5.00 and a fifty-two week high of $9.24. The company has a quick ratio of 1.18, a current ratio of 2.45 and a debt-to-equity ratio of 1.35. The stock has a market cap of $182.97, a price-to-earnings ratio of 79.89 and a beta of 1.72.

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 during the quarter. Huttig Building Products had a net margin of 0.34% and a return on equity of 5.22%.

Separately, Singular Research began coverage on shares of Huttig Building Products in a report on Monday, November 27th. They issued a “buy” rating and a $9.75 target price on the stock.

TRADEMARK VIOLATION NOTICE: “Thomson Horstmann & Bryant Inc. Has $4.14 Million Position in Huttig Building Products Inc (NASDAQ:HBP)” was originally reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.truebluetribune.com/2018/01/18/huttig-building-products-inc-hbp-stake-increased-by-thomson-horstmann-bryant-inc.html.

Huttig Building Products Profile

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.

Institutional Ownership by Quarter for Huttig Building Products (NASDAQ:HBP)

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