November 25, 2016 - By Linda Rogers
Jefferies cut Headwaters (NYSE:HW)‘s stock to a Hold rating from a Buy. The rating change was shared with investors and clients in a analysts report today.
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. SunTrust downgraded the stock to “Hold” rating in Tuesday, November 22 report. Stifel Nicolaus maintained the shares of HW in a report on Wednesday, August 5 with “Buy” rating. As per Tuesday, September 13, the company rating was initiated by Jefferies. DA Davidson initiated Headwaters Inc (NYSE:HW) rating on Friday, April 29. DA Davidson has “Neutral” rating and $24 price target. The stock of Headwaters Inc (NYSE:HW) has “Hold” rating given on Tuesday, August 18 by TheStreet. The rating was initiated by CL King with “Buy” on Wednesday, July 22. Stifel Nicolaus downgraded the shares of HW in a report on Wednesday, November 23 to “Hold” rating. The stock of Headwaters Inc (NYSE:HW) has “Neutral” rating given on Tuesday, August 9 by CL King. The rating was upgraded by Zacks on Tuesday, September 1 to “Hold”. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, January 28 report.
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 EPS, 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 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 Q2 2016. Its down 0.08, from 1.15 in 2016Q1. The ratio is 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.
Moreover, Columbus Circle Investors has 0.14% invested in Headwaters Inc (NYSE:HW) for 773,756 shares. State Of Tennessee Treasury Department accumulated 58,785 shares or 0.01% of the stock. Cubist Systematic Strategies Limited Liability Company has invested 0.02% of its portfolio in Headwaters Inc (NYSE:HW). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 1,651 shares. Blackrock Institutional Tru Na holds 0.01% of its portfolio in Headwaters Inc (NYSE:HW) for 1.87M shares. The Ohio-based Victory Management has invested 0.16% in Headwaters Inc (NYSE:HW). Morgan Stanley holds 339,800 shares or 0% of its portfolio. Citadel Advsrs accumulated 0.01% or 663,273 shares. Moreover, Everpoint Asset Management Lc has 0.01% invested in Headwaters Inc (NYSE:HW) for 35,000 shares. Condor Capital last reported 10,565 shares in the company. Moreover, Los Angeles Mngmt & Equity has 0% invested in Headwaters Inc (NYSE:HW) for 31,215 shares. Parallax Volatility Advisers L P has invested 0% of its portfolio in Headwaters Inc (NYSE:HW). California State Teachers Retirement Systems, a California-based fund reported 152,576 shares. Moreover, Ls Advsr Ltd Llc has 0% invested in Headwaters Inc (NYSE:HW) for 2,587 shares. Renaissance Techs Ltd Liability last reported 55,214 shares in the company.
Insider Transactions: Since August 8, 2016, the stock had 1 insider buy, and 1 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 32,890 shares worth $625,486.
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.”
Headwaters Incorporated, incorporated on August 08, 1995, is a building materials company. The Companyâ€™s divisions include building products, construction materials and energy technology. The Companyâ€™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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By Linda Rogers