Trading Report: Today, DA Davidson Downgraded Headwaters Inc. (HW) to Neutral

Today, DA Davidson Downgraded Headwaters Inc. (HW) to Neutral

DA Davidson cut shares of Headwaters Inc. (NYSE:HW) from a buy rating to a neutral rating in a research report report published on Tuesday. DA Davidson currently has $24.25 price target on the stock, up from their prior price target of $24.00.

Other research analysts also recently issued reports about the company. CL King downgraded Headwaters from a buy rating to a neutral rating in a research report on Tuesday, August 9th. Zacks Investment Research downgraded Headwaters from a buy rating to a hold rating in a research report on Thursday, August 4th. Canaccord Genuity reaffirmed a buy rating and issued a $23.50 price target on shares of Headwaters in a research report on Thursday, August 4th. Deutsche Bank AG lifted their price target on Headwaters from $21.00 to $22.00 and gave the stock a buy rating in a research report on Wednesday, August 3rd. Finally, Jefferies Group reaffirmed a buy rating and issued a $20.00 price target on shares of Headwaters in a research report on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Headwaters presently has a consensus rating of Hold and a consensus target price of $22.07.

Shares of Headwaters (NYSE:HW) opened at 23.57 on Tuesday. Headwaters has a 1-year low of $13.62 and a 1-year high of $23.87. The firm has a 50-day moving average price of $18.25 and a 200-day moving average price of $18.30. The company has a market capitalization of $1.75 billion, a PE ratio of 36.77 and a beta of 1.49.

Headwaters (NYSE:HW) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The business earned $291.60 million during the quarter, compared to the consensus estimate of $303.81 million. Headwaters had a return on equity of 30.41% and a net margin of 4.93%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share. Equities analysts anticipate that Headwaters will post $1.40 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Headwaters by 82.3% in the first quarter. BlackRock Inc. now owns 5,076 shares of the company’s stock worth $100,000 after buying an additional 2,291 shares during the period. Pacad Investment Ltd. bought a new stake in shares of Headwaters during the second quarter worth $149,000. Fortaleza Asset Management Inc. boosted its stake in shares of Headwaters by 25.9% in the second quarter. Fortaleza Asset Management Inc. now owns 9,135 shares of the company’s stock worth $164,000 after buying an additional 1,880 shares during the period. PineBridge Investments L.P. boosted its stake in shares of Headwaters by 3.8% in the second quarter. PineBridge Investments L.P. now owns 9,391 shares of the company’s stock worth $168,000 after buying an additional 347 shares during the period. Finally, KCG Holdings Inc. bought a new stake in shares of Headwaters during the third quarter worth $185,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Headwaters Company Profile

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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