Headwaters Inc. (HW) Position Increased by Redwood Investments LLC
Redwood Investments LLC boosted its position in shares of Headwaters Inc. (NYSE:HW) by 19.6% during the second quarter, Holdings Channel reports. The fund owned 276,175 shares of the company’s stock after buying an additional 45,303 shares during the period. Redwood Investments LLC’s holdings in Headwaters were worth $4,955,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Monarch Partners Asset Management LLC raised its position in Headwaters by 91.0% in the second quarter. Monarch Partners Asset Management LLC now owns 165,490 shares of the company’s stock worth $2,969,000 after buying an additional 78,830 shares during the last quarter. Capital Fund Management S.A. purchased a new position in Headwaters during the second quarter worth about $229,000. First Dallas Securities Inc. purchased a new position in Headwaters during the second quarter worth about $199,000. Bank of Montreal Can purchased a new position in Headwaters during the second quarter worth about $274,000. Finally, Skylands Capital LLC raised its position in Headwaters by 1.7% in the second quarter. Skylands Capital LLC now owns 111,250 shares of the company’s stock worth $1,996,000 after buying an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 91.27% of the company’s stock.
Headwaters Inc. (NYSE:HW) traded down 0.54% during trading on Tuesday, hitting $16.56. 409,574 shares of the stock were exchanged. The firm has a 50-day moving average of $17.74 and a 200-day moving average of $18.68. Headwaters Inc. has a 52 week low of $13.62 and a 52 week high of $21.25. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 7.84 and a beta of 1.53.
Headwaters (NYSE:HW) last announced its quarterly earnings data 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 business earned $262.50 million during the quarter, compared to the consensus estimate of $276.83 million. Headwaters had a return on equity of 34.50% and a net margin of 16.60%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 EPS. Equities research analysts anticipate that Headwaters Inc. will post $1.14 earnings per share for the current fiscal year.
Several research firms have issued reports on HW. Jefferies Group began coverage on shares of Headwaters in a research report on Tuesday, September 13th. They issued a “buy” rating and a $21.00 price target on the stock. CL King lowered shares of Headwaters from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 9th. Zacks Investment Research lowered shares of Headwaters from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Canaccord Genuity restated a “buy” rating and issued a $23.50 price target on shares of Headwaters in a research report on Thursday, August 4th. Finally, Deutsche Bank AG raised their price target on shares of Headwaters from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Headwaters has an average rating of “Buy” and a consensus target price of $22.21.
In other Headwaters news, Director R Sam Christensen acquired 5,706 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were acquired at an average price of $19.05 per share, with a total value of $108,699.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bob L. Whisnant sold 32,890 shares of the business’s 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 completion of the sale, the insider now directly owns 6,046 shares in the company, valued at approximately $114,994.92. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding HW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Headwaters Inc. (NYSE:HW).
Receive News & Ratings for Headwaters Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Headwaters Inc. and related companies with MarketBeat.com's FREE daily email newsletter.