Institutional Investors Sentiment Indicator of Huttig Building Products Inc (NASDAQ:HBP) Falls in 2018 Q2

September 16, 2018 - By Robert Shackelford

Sentiment for Huttig Building Products Inc (NASDAQ:HBP)

Huttig Building Products Inc (NASDAQ:HBP) institutional sentiment decreased to 0.55 in Q2 2018. Its down -0.45, from 1 in 2018Q1. The ratio worsened, as 18 investment professionals started new and increased equity positions, while 33 cut down and sold positions in Huttig Building Products Inc. The investment professionals in our partner’s database now have: 13.53 million shares, down from 14.05 million shares in 2018Q1. Also, the number of investment professionals holding Huttig Building Products Inc in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 17 Reduced: 16 Increased: 8 New Position: 10.

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 $126.16 million. It offers various millwork products, such as exterior and interior doors, pre-hung and pre-finished door units, windows, patio doors, mouldings, frames, stair parts, and columns under the Therma-Tru, Masonite, Woodgrain Doors, HB&G, Simpson Door, Windsor Windows, and Rogue Valley Door brand names. It currently has negative earnings. The firm also provides general building products, including connectors and fasteners, roofing, siding, insulation, flashing, housewrap, decking, railings, drywall, kitchen cabinets, and other miscellaneous building products under the Huttig-Grip, Louisiana Pacific, Simpson Strong-Tie, Timbertech, AZEK, BP Roofing, Grace, Fiberon, RDI, Owens Corning, Alpha Protech, and Maibec brand names; and wood products comprise engineered wood products, which consists of 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.

The stock decreased 1.83% or $0.09 during the last trading session, reaching $4.84. About 40,062 shares traded. Huttig Building Products, Inc. (NASDAQ:HBP) has declined 21.45% since September 16, 2017 and is downtrending. It has underperformed by 37.07% the S&P500.

Mill Road Capital Management Llc holds 3.68% of its portfolio in Huttig Building Products, Inc. for 1.29 million shares. Cannell Capital Llc owns 1.25 million shares or 1.6% of their US portfolio. Moreover, Paradigm Capital Management Inc Ny has 0.78% invested in the company for 2.05 million shares. The Illinois-based Perritt Capital Management Inc has invested 0.74% in the stock. Thomson Horstmann & Bryant Inc, a Connecticut-based fund reported 591,601 shares.

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

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