Rating Worth Mentioning Today: Is Headwaters (NYSE:HW) a Stock to Sell After Stifel Downgrade?

November 23, 2016 - By Vivian Park

Rating Worth Mentioning Today:  Is Headwaters (NYSE:HW) a Stock to Sell After Stifel Downgrade?

Headwaters (NYSE:HW) Downgrade

In a analysts report revealed on 23 November, Stifel has decreased Headwaters (NYSE:HW) stock to a Hold and has set an estimated 12-month PT at $21. HW’s old rating was Buy.

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 -5.70% below today’s ($23.52) stock price. Headwaters Inc has been the topic of 12 analyst reports since July 22, 2015 according to StockzIntelligence Inc. DA Davidson initiated Headwaters Inc (NYSE:HW) rating on Friday, April 29. DA Davidson has “Neutral” rating and $24 price target. Jefferies initiated Headwaters Inc (NYSE:HW) on Tuesday, September 13 with “Buy” rating. The firm has “Neutral” rating given on Tuesday, August 9 by CL King. TheStreet upgraded the stock to “Hold” rating in Tuesday, August 18 report. The rating was downgraded by DA Davidson to “Neutral” on Tuesday, November 22. The stock has “Buy” rating given by Canaccord Genuity on Thursday, January 28. The firm has “Buy” rating by CL King given on Wednesday, July 22. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, August 5. SunTrust downgraded the stock to “Hold” rating in Tuesday, November 22 report. Zacks upgraded the shares of HW in a report on Tuesday, September 1 to “Hold” rating.

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 dived, 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.

Tudor Inv Et Al last reported 16,292 shares in the company. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. Aperio Gru Ltd Liability Corp, a California-based fund reported 20,267 shares. Teacher Retirement System Of Texas accumulated 10,454 shares or 0% of the stock. Fund Mngmt Sa has invested 0% of its portfolio in Headwaters Inc (NYSE:HW). Price T Rowe Assocs Md accumulated 39,700 shares or 0% of the stock. Employees Retirement Association Of Colorado reported 667,988 shares or 0.1% of all its holdings. Stifel Corporation has 142,344 shares for 0.01% of their US portfolio. Victory Mgmt has 0.16% invested in the company for 2.24M shares. Northpointe Cap Ltd Liability Corp has 369,118 shares for 0.78% of their US portfolio. Redwood Invs Ltd, a Massachusetts-based fund reported 276,175 shares. Blair William And Il, a Illinois-based fund reported 15,174 shares. Principal Fin Grp Inc accumulated 521,094 shares or 0.01% of the stock. California State Teachers Retirement System, a California-based fund reported 152,576 shares. Geode Capital Limited Com holds 0% of its portfolio in Headwaters Inc (NYSE:HW) for 478,074 shares.

Insider Transactions: Since August 8, 2016, the stock had 1 buying transaction, and 1 sale for $516,787 net activity. CHRISTENSEN R SAM bought $108,699 worth of stock. Whisnant Bob L. sold $625,486 worth of stock.

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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