Rating Change: Headwaters (HW) Was Downgraded by Stifel to Hold

November 23, 2016 - By Darrin Black

Rating Change:  Headwaters (HW) Was Downgraded by Stifel to Hold

Headwaters (HW) Downgrade

Stifel has downgraded Headwaters (HW) stock to Hold in a research report released on 23 November, and has set a 12month TP at $21.0. HW’s old rating was Buy.

The stock closed at $23.52 during the last session. It is down 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.

Lorber David A has 2.2% invested in the company for 19,528 shares. Blackrock Advsr Ltd accumulated 99,842 shares or 0% of the stock. Invesco Ltd holds 0% of its portfolio in Headwaters Inc (NYSE:HW) for 588,682 shares. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Headwaters Inc (NYSE:HW). Allianz Asset Mngmt Ag holds 0% of its portfolio in Headwaters Inc (NYSE:HW) for 90,660 shares. Sg Americas Securities Lc last reported 11,493 shares in the company. James Investment Research holds 0.08% of its portfolio in Headwaters Inc (NYSE:HW) for 177,025 shares. The Massachusetts-based Loomis Sayles & Ltd Partnership has invested 0.01% in Headwaters Inc (NYSE:HW). Credit Agricole S A reported 93,707 shares or 0.01% of all its holdings. Ameriprise has invested 0.01% of its portfolio in Headwaters Inc (NYSE:HW). Emerald Mutual Fund Advisers Trust accumulated 950,807 shares or 0.96% of the stock. Raymond James And has invested 0.01% of its portfolio in Headwaters Inc (NYSE:HW). New York State Teachers Retirement Sys owns 248,641 shares or 0.01% of their US portfolio. Blair William Il accumulated 15,174 shares or 0% of the stock. Comerica Fincl Bank holds 0.01% of its portfolio in Headwaters Inc (NYSE:HW) for 73,972 shares.

Insider Transactions: Since August 8, 2016, the stock had 1 insider purchase, and 1 insider sale for $516,787 net activity. 5,706 Headwaters Inc (NYSE:HW) shares with value of $108,699 were bought by CHRISTENSEN R SAM. The insider Whisnant Bob L. sold $625,486.

Headwaters Incorporated is a building materials company. The company has a market cap of $2.04 billion. The Company’s divisions include building products, construction materials and energy technology. It has a 36.96 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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