Headwaters Inc (HW) Receives Hold Rating from Jefferies Group LLC
HW has been the subject of several other reports. Avondale Partners downgraded Headwaters from an outperform rating to a market perform rating in a report on Monday, November 21st. DA Davidson downgraded Headwaters from a buy rating to a neutral rating and upped their target price for the company from $24.00 to $24.25 in a report on Tuesday, November 22nd. Zacks Investment Research downgraded Headwaters from a hold rating to a strong sell rating in a report on Wednesday, January 4th. Canaccord Genuity downgraded Headwaters from a buy rating to a hold rating and upped their target price for the company from $23.50 to $24.25 in a report on Monday, November 21st. Finally, SunTrust Banks, Inc. downgraded Headwaters from a buy rating to a hold rating in a research note on Tuesday, November 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $22.68.
Headwaters (NYSE:HW) remained flat at $23.54 during trading on Friday. The company had a trading volume of 577,016 shares. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 41.59 and a beta of 1.70. Headwaters has a 1-year low of $16.05 and a 1-year high of $23.99. The stock’s 50-day moving average is $23.20 and its 200-day moving average is $20.89.
Headwaters (NYSE:HW) last announced its earnings results on Tuesday, January 31st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.25 by $0.08. Headwaters had a net margin of 4.18% and a return on equity of 26.48%. The company had revenue of $255.60 million for the quarter, compared to analysts’ expectations of $258.67 million. During the same period in the prior year, the company earned $0.28 earnings per share. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. Equities analysts anticipate that Headwaters will post $1.41 EPS for the current fiscal year.
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Large investors have recently made changes to their positions in the company. Miles Capital Inc. acquired a new stake in shares of Headwaters during the fourth quarter valued at about $244,000. Princeton Alpha Management LP acquired a new stake in shares of Headwaters during the third quarter valued at about $266,000. Quantbot Technologies LP increased its stake in shares of Headwaters by 3,322.7% in the third quarter. Quantbot Technologies LP now owns 15,950 shares of the company’s stock valued at $269,000 after buying an additional 15,484 shares in the last quarter. Affinity Wealth Management acquired a new stake in shares of Headwaters during the third quarter valued at about $276,000. Finally, Highland Capital Management LP acquired a new stake in shares of Headwaters during the fourth quarter valued at about $335,000. 86.77% of the stock is owned by hedge funds and other institutional investors.
Headwaters Incorporated is a building materials company operating in the building products and construction materials sectors. The Company sells building products, such as manufactured architectural stone, siding accessory products, roof products and concrete block. The Company’s operating segments include building products, construction materials and energy technology.
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