Headwaters Inc. (HW) Sees Unusually-High Trading Volume
Headwaters Inc. (NYSE:HW) shares saw an uptick in trading volume on Thursday . 533,540 shares changed hands during mid-day trading, a decline of 1% from the previous session’s volume of 537,247 shares.The stock last traded at $17.79 and had previously closed at $18.13.
A number of brokerages have commented on HW. Canaccord Genuity reaffirmed a “buy” rating and issued a $23.50 price objective on shares of Headwaters in a report on Thursday, August 4th. Zacks Investment Research raised Headwaters from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Wednesday, July 13th. CL King lowered Headwaters from a “buy” rating to a “neutral” rating in a report on Tuesday, August 9th. Deutsche Bank AG increased their target price on Headwaters from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Finally, Wedbush reissued a “hold” rating and set a $21.00 target price on shares of Headwaters in a report on Monday, July 11th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $22.42.
The firm has a 50 day moving average of $19.20 and a 200 day moving average of $18.77. The firm has a market capitalization of $1.32 billion and a price-to-earnings ratio of 8.42.
Headwaters (NYSE:HW) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.08. The company earned $262.50 million during the quarter, compared to analyst estimates of $276.83 million. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. Analysts predict that Headwaters Inc. will post $1.14 earnings per share for the current year.
In related news, insider Bob L. Whisnant sold 32,890 shares of Headwaters stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $19.02, for a total transaction of $625,567.80. Following the sale, the insider now directly owns 6,046 shares in the company, valued at $114,994.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director R Sam Christensen purchased 5,706 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average price of $19.05 per share, for a total transaction of $108,699.30. The disclosure for this purchase can be found here.
Headwaters Incorporated is a building materials company. The Company’s segments include building products, construction materials and energy technology. Its building products segment consists of product sales to wholesale and retail distributors, contractors and other users of building products. Its 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.
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