Important Rating: Is Headwaters (NYSE:HW) a Stock to Sell After Stifel Nicolaus Downgrade?

November 23, 2016 - By Clifton Ray

Important Rating: Is Headwaters (NYSE:HW) a Stock to Sell After Stifel Nicolaus Downgrade?

Headwaters (NYSE:HW) Downgrade

Headwaters (NYSE:HW) was downgraded by Stifel Nicolaus from a Buy rating to a Hold rating in a a report sent to clients and investors on 23 November.

Headwaters Inc (NYSE:HW) Ratings Coverage

Out of 7 analysts covering Headwaters Inc (NYSE:HW), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. $24.25 is the highest target while $20 is the lowest. The $22.18 average target is -5.90% below today’s ($23.57) stock price. Headwaters Inc has been the topic of 12 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by DA Davidson on Tuesday, November 22. The company was upgraded on Tuesday, August 18 by TheStreet. The firm earned “Buy” rating on Wednesday, July 22 by CL King. The firm has “Hold” rating by SunTrust given on Tuesday, November 22. On Wednesday, August 5 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Headwaters Inc (NYSE:HW) has “Buy” rating given on Thursday, January 28 by Canaccord Genuity. The stock has “Neutral” rating given by CL King on Tuesday, August 9. The stock of Headwaters Inc (NYSE:HW) earned “Buy” rating by Jefferies on Tuesday, September 13. The company was initiated on Friday, April 29 by DA Davidson. Zacks upgraded the stock to “Hold” rating in Tuesday, September 1 report.

About 1.24M shares traded hands. Headwaters Inc (NYSE:HW) has risen 15.52% since April 21, 2016 and is uptrending. It has outperformed by 10.19% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 1.07 in Q2 2016. Its down 0.08, from 1.15 in 2016Q1. The ratio fall, as 26 funds sold all Headwaters Inc shares owned while 61 reduced positions. 36 funds bought stakes while 64 increased positions. They now own 65.14 million shares or 1.21% more from 64.36 million shares in 2016Q1.

First American Commercial Bank last reported 0.03% of its portfolio in the stock. Moreover, Grp One Trading Lp has 0% invested in Headwaters Inc (NYSE:HW) for 12,348 shares. Thrivent Fincl For Lutherans holds 0% of its portfolio in Headwaters Inc (NYSE:HW) for 35,150 shares. The Pennsylvania-based Vanguard Grp Inc has invested 0.01% in Headwaters Inc (NYSE:HW). Moreover, Teton Advisors Incorporated has 0.22% invested in Headwaters Inc (NYSE:HW) for 135,100 shares. Blackrock Institutional Tru Na holds 0.01% of its portfolio in Headwaters Inc (NYSE:HW) for 1.87M shares. Glenmede Trust Na has 0.18% invested in the company for 1.65M shares. Jefferies Gru Ltd Liability Co holds 0% or 12,814 shares in its portfolio. Suntrust Banks Inc has invested 0% of its portfolio in Headwaters Inc (NYSE:HW). The Washington-based Parametric Port Associates Limited Liability has invested 0.01% in Headwaters Inc (NYSE:HW). Hbk Ltd Partnership last reported 0% of its portfolio in the stock. Blackrock Fund, a California-based fund reported 4.65M shares. Citadel Advsrs Ltd has 0.01% invested in the company for 663,273 shares. Sei Invs last reported 0.01% of its portfolio in the stock. The Pennsylvania-based Emerald Mutual Fund Advisers Tru has invested 0.96% in Headwaters Inc (NYSE:HW).

Insider Transactions: Since August 8, 2016, the stock had 1 insider buy, and 1 insider sale for $516,787 net activity. $108,699 worth of Headwaters Inc (NYSE:HW) was bought by CHRISTENSEN R SAM on Monday, August 8. $625,486 worth of Headwaters Inc (NYSE:HW) was sold by Whisnant Bob L..

Headwaters Incorporated is a building materials company. The company has a market cap of $1.75 billion. The Company’s divisions include building products, construction materials and energy technology. It has a 37.03 P/E ratio. The Company’s building products segment consists of product sales to wholesale and retail distributors, contractors and other users of building products.

According to Zacks Investment Research, “Headwaters Incorporated is a world leader in creating value through innovative advancements in the utilization of natural resources. Headwaters is a diversified growth company providing products, technologies and services to the energy, construction and home improvement industries. Through its alternative energy, coal combustion products, and building materials businesses, the Company earns a growing revenue stream that provides the capital needed to expand and acquire synergistic new business opportunities.”

HW Company Profile

Headwaters Incorporated, incorporated on August 08, 1995, is a building materials company. The Company’s divisions include building products, construction materials and energy technology. The Company’s building products segment consists of product sales to wholesale and retail distributors, contractors and other users of building products. The Company’s construction materials segment consists of coal combustion products (CCP) sales to ready-mix concrete businesses, with a smaller amount from services provided to coal-fueled electric generating utilities. The Company’s energy technology segment consists of catalyst sales to oil refineries.

More important recent Headwaters Inc (NYSE:HW) news were published by: Wsj.com which released: “Boral to Acquire Headwaters Inc.” on November 20, 2016, also Reuters.com published article titled: “BRIEF-Boral Limited to buy Headwaters Inc”, Businesswire.com published: “Headwaters, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe and …” on November 21, 2016. More interesting news about Headwaters Inc (NYSE:HW) was released by: Prnewswire.com and their article: “Harwood Feffer LLP Announces Investigation of Headwaters Incorporated” with publication date: November 21, 2016.

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