🔴 Hammond Manufacturing is trading 5.8% down today amid a 1.59% Industrials sector decline

Hammond Manufacturing is trading 5.8% down now at $24.45 amid a sharp Industrials sector decline and broader risk-off pressure.

• Industrials is down 1.59%, pressured by Middle East tensions, higher oil prices, elevated bond yields, and slightly slower manufacturing growth.
• The decline follows strong gains on August 31 and September 1 after record second-quarter earnings, including $7.3 million net income and $0.64 diluted EPS.
• Profit-taking may also be contributing.