Rating Change: Jefferies & Co Says Its Time To Downgrade Headwaters Inc (NYSE:HW)

November 25, 2016 - By Peter Kolinski

Rating Change: Jefferies & Co Says Its Time To Downgrade Headwaters Inc (NYSE:HW)

Headwaters Inc (NYSE:HW) Downgrade

In a a research note revealed to clients and investors on Friday, 25 November, Jefferies & Co downgraded shares of Headwaters Inc (NYSE:HW) to a Hold rating from a Buy rating.

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 -7.24% below today’s ($23.76) stock price. Headwaters Inc has been the topic of 13 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, January 28. The firm has “Buy” rating given on Wednesday, July 22 by CL King. The stock of Headwaters Inc (NYSE:HW) has “Hold” rating given on Tuesday, September 1 by Zacks. Stifel Nicolaus downgraded Headwaters Inc (NYSE:HW) on Wednesday, November 23 to “Hold” rating. The firm has “Buy” rating given on Wednesday, August 5 by Stifel Nicolaus. The rating was downgraded by CL King on Tuesday, August 9 to “Neutral”. TheStreet upgraded Headwaters Inc (NYSE:HW) on Tuesday, August 18 to “Hold” rating. The rating was downgraded by SunTrust on Tuesday, November 22 to “Hold”. As per Tuesday, November 22, the company rating was downgraded by DA Davidson. As per Friday, April 29, the company rating was initiated by DA Davidson.

The stock increased 0.81% or $0.19 during the last trading session, hitting $23.76. About 1.92M shares traded hands or 29.73% up from the average. 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 earnings per share, down 3.57% or $0.01 from last year’s $0.28 per share. HW’s profit will be $20.11M for 22.00 P/E if the $0.27 EPS becomes a reality. After $0.38 actual earnings per share 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 turned negative, 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.

Cramer Rosenthal Mcglynn Ltd Liability Corporation has 932,720 shares for 0.27% of their US portfolio. Vanguard Group last reported 4.53M shares in the company. Raymond James Financial Services Advsrs Inc holds 0% of its portfolio in Headwaters Inc (NYSE:HW) for 14,530 shares. Credit Suisse Ag last reported 0% of its portfolio in the stock. Moreover, Regions Financial has 0.02% invested in Headwaters Inc (NYSE:HW) for 79,623 shares. Wellington Mngmt Group Inc Llp, a Massachusetts-based fund reported 8.17 million shares. Moreover, Livingston Gru Asset Mgmt Company (Operating As Southport Cap Management) has 0.05% invested in Headwaters Inc (NYSE:HW) for 4,625 shares. Palisade Cap Mgmt Llc Nj has 174,150 shares for 0.11% of their US portfolio. Thompson Davis And, a Virginia-based fund reported 400 shares. Usa Financial Portformulas holds 0.05% of its portfolio in Headwaters Inc (NYSE:HW) for 10,780 shares. Teachers accumulated 727,983 shares or 0.02% of the stock. Pacad has invested 0.02% of its portfolio in Headwaters Inc (NYSE:HW). Fmr Limited Liability holds 305,800 shares or 0% of its portfolio. Teton accumulated 0.22% or 135,100 shares. Da Davidson & holds 0% of its portfolio in Headwaters Inc (NYSE:HW) for 50 shares.

Insider Transactions: Since August 8, 2016, the stock had 1 insider purchase, and 1 sale for $516,787 net activity. The insider Whisnant Bob L. sold $625,486. 5,706 shares were bought by CHRISTENSEN R SAM, worth $108,699 on Monday, August 8.

Headwaters Incorporated is a building materials company. The company has a market cap of $1.77 billion. The Company’s divisions include building products, construction materials and energy technology. It has a 37.33 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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