Headwaters Inc. (NYSE:HW) General Counsel Harlan M. Hatfield sold 1,860 shares of Headwaters stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $23.70, for a total value of $44,082.00. Following the sale, the general counsel now directly owns 53,868 shares in the company, valued at approximately $1,276,671.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Headwaters Inc. (NYSE:HW) traded down 0.25% on Monday, reaching $23.70. 1,662,667 shares of the company’s stock traded hands. The firm has a market capitalization of $1.76 billion, a PE ratio of 36.97 and a beta of 1.49. The firm’s 50 day moving average price is $18.48 and its 200 day moving average price is $18.34. Headwaters Inc. has a 52-week low of $13.62 and a 52-week high of $23.99.
Headwaters (NYSE:HW) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.03. The firm earned $291.60 million during the quarter, compared to analyst estimates of $303.81 million. Headwaters had a net margin of 4.93% and a return on equity of 30.41%. Headwaters’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. On average, analysts predict that Headwaters Inc. will post $1.40 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on the company. Goldman Sachs Group Inc. cut Headwaters from a “neutral” rating to a “sell” rating in a report on Thursday. Jefferies Group cut Headwaters from a “buy” rating to a “hold” rating and set a $24.25 price target on the stock. in a report on Friday. Stifel Nicolaus cut Headwaters from a “buy” rating to a “hold” rating and cut their price target for the company from $24.25 to $21.00 in a report on Wednesday, November 23rd. SunTrust Banks Inc. cut Headwaters from a “buy” rating to a “hold” rating in a report on Tuesday, November 22nd. Finally, DA Davidson lowered shares of Headwaters from a “buy” rating to a “neutral” rating and raised their price objective for the company from $24.00 to $24.25 in a research note on Tuesday, November 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Headwaters presently has a consensus rating of “Hold” and an average target price of $22.68.
A number of institutional investors have recently added to or reduced their stakes in the stock. Capital Fund Management S.A. purchased a new position in Headwaters during the second quarter worth approximately $229,000. First Dallas Securities Inc. purchased a new position in Headwaters during the second quarter worth approximately $199,000. Bank of Montreal Can purchased a new position in Headwaters during the second quarter worth approximately $274,000. 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 period. Finally, New York State Teachers Retirement System raised its position in Headwaters by 4.8% in the second quarter. New York State Teachers Retirement System now owns 248,641 shares of the company’s stock worth $4,461,000 after buying an additional 11,500 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.
Headwaters Company Profile