Dimensional Fund Advisors LP Increases Position in Headwaters Inc. (HW)
Dimensional Fund Advisors LP boosted its position in shares of Headwaters Inc. (NYSE:HW) by 1.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,814,631 shares of the company’s stock after buying an additional 46,587 shares during the period. Dimensional Fund Advisors LP owned about 3.80% of Headwaters worth $50,493,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of HW. Goldman Sachs Group Inc. boosted its stake in Headwaters by 99.7% in the first quarter. Goldman Sachs Group Inc. now owns 362,552 shares of the company’s stock valued at $7,193,000 after buying an additional 180,998 shares during the period. Skyline Asset Management LP boosted its stake in Headwaters by 3.8% in the first quarter. Skyline Asset Management LP now owns 1,369,200 shares of the company’s stock valued at $27,165,000 after buying an additional 50,400 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in Headwaters by 36.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 950,807 shares of the company’s stock valued at $17,057,000 after buying an additional 253,350 shares during the period. BlackRock Group LTD boosted its stake in Headwaters by 8.9% in the first quarter. BlackRock Group LTD now owns 110,891 shares of the company’s stock valued at $2,200,000 after buying an additional 9,071 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in Headwaters by 6.4% in the first quarter. Nuveen Asset Management LLC now owns 204,377 shares of the company’s stock valued at $4,055,000 after buying an additional 12,206 shares during the period. Institutional investors own 91.27% of the company’s stock.
Headwaters Inc. (NYSE:HW) traded down 3.26% during mid-day trading on Friday, reaching $16.61. The company’s stock had a trading volume of 354,190 shares. Headwaters Inc. has a 1-year low of $13.62 and a 1-year high of $21.25. The firm has a 50 day moving average price of $17.43 and a 200-day moving average price of $18.62. The company has a market capitalization of $1.23 billion, a PE ratio of 7.86 and a beta of 1.53.
Headwaters (NYSE:HW) last issued its earnings results on Tuesday, August 2nd. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.38 by $0.08. The firm earned $262.50 million during the quarter, compared to analyst estimates of $276.83 million. Headwaters had a return on equity of 34.50% and a net margin of 16.60%. Headwaters’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 EPS. On average, equities analysts predict that Headwaters Inc. will post $1.14 EPS for the current fiscal year.
HW has been the subject of several analyst reports. Jefferies Group initiated coverage on Headwaters in a research note on Tuesday, September 13th. They set a “buy” rating and a $21.00 price target for the company. Canaccord Genuity restated a “buy” rating and set a $23.50 price target on shares of Headwaters in a research note on Wednesday, July 6th. Deutsche Bank AG upped their price target on Headwaters from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded Headwaters from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, July 13th. Finally, Wedbush reiterated a “hold” rating and issued a $21.00 price objective on shares of Headwaters in a research report on Monday, July 11th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $22.21.
In related news, insider Bob L. Whisnant sold 32,890 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 6,046 shares in the company, valued at approximately $114,994.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R Sam Christensen acquired 5,706 shares of Headwaters stock in a transaction that occurred on Monday, August 8th. The shares were bought at an average price of $19.05 per share, with a total value of $108,699.30. The disclosure for this purchase can be found here. 6.40% of the stock is 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.
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