Huttig Building Products, Inc. (HBP) Position Raised by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its holdings in shares of Huttig Building Products, Inc. (NASDAQ:HBP) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 492,271 shares of the company’s stock after purchasing an additional 26,479 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.90% of Huttig Building Products worth $3,451,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Rhumbline Advisers purchased a new stake in Huttig Building Products during the second quarter worth approximately $165,000. Weber Alan W lifted its stake in Huttig Building Products by 1.9% during the second quarter. Weber Alan W now owns 1,816,017 shares of the company’s stock worth $12,730,000 after purchasing an additional 33,700 shares during the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in Huttig Building Products during the second quarter worth approximately $282,000. Teachers Advisors LLC purchased a new stake in Huttig Building Products during the second quarter worth approximately $291,000. Finally, Bank of New York Mellon Corp lifted its stake in Huttig Building Products by 333.5% during the second quarter. Bank of New York Mellon Corp now owns 63,936 shares of the company’s stock worth $449,000 after purchasing an additional 49,187 shares during the last quarter. Hedge funds and other institutional investors own 50.59% of the company’s stock.
Shares of Huttig Building Products, Inc. (HBP) opened at $6.39 on Friday. The company has a quick ratio of 1.18, a current ratio of 2.45 and a debt-to-equity ratio of 1.35. Huttig Building Products, Inc. has a 52 week low of $5.00 and a 52 week high of $9.24. The firm has a market capitalization of $165.37, a P/E ratio of 45.64 and a beta of 1.72.
Huttig Building Products (NASDAQ:HBP) last issued its quarterly earnings data on Monday, October 30th. The company reported $0.05 earnings per share for the quarter. Huttig Building Products had a return on equity of 5.22% and a net margin of 0.34%. The company had revenue of $199.60 million during the quarter.
Separately, TheStreet cut Huttig Building Products from a “b-” rating to a “c” rating in a research note on Tuesday, August 1st.
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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.
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