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Wednesday, October 21, 2020

Renewed Optimism is Surrounding Huttig Building Products Inc. (NASDAQ:HBP)

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Huttig Building Products Inc. (HBP) shares are trading at higher $3.42.

To add more color to this target, the company’s high over the last year is $3.00 and the low is $0.49. Over the last 52 weeks, HBP is up 56.88% while the S&P 500 is up 16.45%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, HBP reported a profit of $38.7 million. Huttig Building Products Inc. also saw revenues increase to $192.0 million. In addition, HBP has free cash flow of $9.4 million as of 06-2020. The company’s EBITDA came in at $3.9 million which compares well with its peers.

HBP booked profit margins of -1.90%, its Return on Equity (ROE) is -36.60%, and its Return on Assets is -4.80%. All told, it is clear that, HBP needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. HBP has a short ratio of 1.11 and outstanding shares of 26.00M.

Company Outlook

HBP has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 70750.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.59. Huttig Building Products Inc. HBP also noted assets of $288.2 million at the end of the last quarter. Investors should also keep an eye on sector updates as HBP has historically followed its peers on positive news.

All told, Huttig Building Products Inc. HBP has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HBP represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Huttig Building Products Inc. HBP is now commanding a market cap of 86.63M and a float of 19.13M. HBP is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of HBP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in HBP, either long or short, and we have not been compensated for this article.

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