Could Huttig Building Products, Inc. (HBP) Crash Even More? The Stock Just Made 1 Year Low

July 16, 2018 - By Margaret Guttierez

Investors sentiment decreased to 1 in Q1 2018. Its down 0.42, from 1.42 in 2017Q4. It is negative, as 5 investors sold Huttig Building Products, Inc. shares while 15 reduced holdings. 4 funds opened positions while 16 raised stakes. 14.05 million shares or 0.91% less from 14.18 million shares in 2017Q4 were reported.
Mill Road Mgmt Lc has invested 5.39% of its portfolio in Huttig Building Products, Inc. (NASDAQ:HBP). Illinois-based Northern Trust Corp has invested 0% in Huttig Building Products, Inc. (NASDAQ:HBP). Blackrock holds 0% or 1.07M shares. Voya Investment Limited Liability Company has 13,337 shares. The United Kingdom-based Legal & General Group Public Limited Co has invested 0% in Huttig Building Products, Inc. (NASDAQ:HBP). Private Advisor Grp Ltd Liability owns 16,950 shares. Invesco Ltd owns 45,861 shares or 0% of their US portfolio. Credit Suisse Ag has 0% invested in Huttig Building Products, Inc. (NASDAQ:HBP) for 11,352 shares. Malaga Cove Limited Liability holds 0.21% or 74,078 shares. Renaissance Techs Limited Liability Corporation, New York-based fund reported 503,800 shares. Teton Advsr Inc reported 0.39% in Huttig Building Products, Inc. (NASDAQ:HBP). First Manhattan reported 0% of its portfolio in Huttig Building Products, Inc. (NASDAQ:HBP). Manufacturers Life Ins The accumulated 13,318 shares. New York State Common Retirement Fund has 13,400 shares for 0% of their portfolio. Jpmorgan Chase holds 0% or 4,796 shares in its portfolio.

The stock of Huttig Building Products, Inc. (NASDAQ:HBP) hit a new 52-week low and has $4.29 target or 3.00 % below today’s $4.42 share price. The 7 months bearish chart indicates high risk for the $115.23 million company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $4.29 price target is reached, the company will be worth $3.46 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 4.33% or $0.2 during the last trading session, reaching $4.42. About 22,707 shares traded. Huttig Building Products, Inc. (NASDAQ:HBP) has declined 13.83% since July 16, 2017 and is downtrending. It has underperformed by 26.40% the S&P500.

Huttig Building Products, Inc., together with its subsidiaries, distributes millwork, building materials, and wood products for new residential construction, home improvement, remodeling, and repair work in the United States. The company has market cap of $115.23 million. It 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. It currently has negative earnings. The firm also provides general building products, such as fasteners and connectors, roofing, siding, insulation, flashing, housewrap, decking, railings, and other miscellaneous building products under the Huttig-Grip, Louisiana Pacific, Simpson Strong-Tie, TimberTech, AZEK, RDI, GAF Roofing, Maibec, Knauf, GCP Technologies, Fiberon, Alpha Protech, MFM, Lomanco, and Fortifiber brands; and wood products comprising engineered wood products used in floor systems, wood panels, and lumber, as well as value-added services, such as floor system take-offs, cut-to-length packages and just-in-time, and cross-dock delivery under the Louisiana Pacific and Rosboro brands.

Huttig Building Products, Inc. (NASDAQ:HBP) Institutional Positions Chart

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