Newest Rating: Is Headwaters (NYSE:HW) a Sell? Jefferies Downgrades It

November 25, 2016 - By whatsonthorold

Newest Rating: Is Headwaters (NYSE:HW) a Sell? Jefferies Downgrades It

Headwaters (NYSE:HW) Downgrade

Jefferies has cut Headwaters (NYSE:HW) stock to Hold in a an analyst report shared with investors and clients on Friday morning. HW’s old rating was Buy.

Headwaters Inc (NYSE:HW) Ratings Coverage

Out of 7 analysts covering Headwaters Inc (NYSE:HW), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. $24.25 is the highest target while $20 is the lowest. The $22.04 average target is -7.20% below today’s ($23.75) stock price. Headwaters Inc has been the topic of 13 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Tuesday, August 18 by TheStreet. The stock of Headwaters Inc (NYSE:HW) has “Neutral” rating given on Tuesday, August 9 by CL King. DA Davidson downgraded the shares of HW in a report on Tuesday, November 22 to “Neutral” rating. The stock of Headwaters Inc (NYSE:HW) has “Hold” rating given on Tuesday, November 22 by SunTrust. The company was maintained on Wednesday, August 5 by Stifel Nicolaus. The stock of Headwaters Inc (NYSE:HW) has “Buy” rating given on Wednesday, July 22 by CL King. The company was maintained on Thursday, January 28 by Canaccord Genuity. Jefferies initiated it with “Buy” rating and $21 target price in Tuesday, September 13 report. The rating was initiated by DA Davidson with “Neutral” on Friday, April 29. Stifel Nicolaus downgraded Headwaters Inc (NYSE:HW) rating on Wednesday, November 23. Stifel Nicolaus has “Hold” rating and $21 price target.

About 701,688 shares traded hands. Headwaters Inc (NYSE:HW) has risen 13.15% since April 22, 2016 and is uptrending. It has outperformed by 7.74% the S&P500.

Analysts await Headwaters Inc (NYSE:HW) to report earnings on February, 7. They expect $0.27 EPS, down 3.57% or $0.01 from last year’s $0.28 per share. HW’s profit will be $20.01M for 21.99 P/E if the $0.27 EPS becomes a reality. After $0.38 actual EPS reported by Headwaters Inc for the previous quarter, Wall Street now forecasts -28.95% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.08, from 1.15 in 2016Q1. The ratio dropped, 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.

Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Headwaters Inc (NYSE:HW) for 1,651 shares. Monarch Partners Asset Mgmt Ltd Liability Co, a Massachusetts-based fund reported 165,490 shares. Ameriprise Fincl accumulated 0.01% or 650,310 shares. Parametric Port Assoc Limited Co accumulated 0.01% or 287,534 shares. Teachers Advisors last reported 0.02% of its portfolio in the stock. Navellier Associate reported 17,108 shares or 0.05% of all its holdings. Allianz Asset Mngmt Ag accumulated 90,660 shares or 0% of the stock. Ack Asset Mgmt Limited Liability Company reported 359,400 shares or 1.92% of all its holdings. Lpl Llc last reported 23,365 shares in the company. Glenmede Trust Communications Na has 1.65M shares for 0.18% of their US portfolio. Icon Advisers Inc owns 105,000 shares or 0.13% of their US portfolio. Rutabaga Cap Mngmt Llc Ma last reported 814,908 shares in the company. Everpoint Asset Mngmt Lc has 35,000 shares for 0.01% of their US portfolio. Palisade Limited Company Nj last reported 174,150 shares in the company. Credit Suisse Ag accumulated 89,873 shares or 0% of the stock.

Insider Transactions: Since August 8, 2016, the stock had 1 buying transaction, and 1 insider sale for $516,787 net activity. CHRISTENSEN R SAM bought $108,699 worth of Headwaters Inc (NYSE:HW) on Monday, August 8. $625,486 worth of Headwaters Inc (NYSE:HW) was sold by Whisnant Bob L. on Monday, August 22.

Headwaters Incorporated is a building materials company. The company has a market cap of $1.76 billion. The Company’s divisions include building products, construction materials and energy technology. It has a 37.32 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 notable 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 with their article: “BRIEF-Boral Limited to buy Headwaters Inc” published on November 20, 2016, 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) were released by: Prnewswire.com and their article: “HEADWATERS (HW) ALERT: Johnson & Weaver, LLP Launches an Investigation into …” published on November 21, 2016 as well as Rttnews.com‘s news article titled: “Boral To Acquire Headwaters Inc. For Aggregate Enterprise Value Of $2.6 Bln” with publication date: November 20, 2016.

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