Todays Report: Today, Headwaters Inc. (HW) Cut to “Hold” at Stifel Nicolaus

Today, Headwaters Inc. (HW) Cut to “Hold” at Stifel Nicolaus

Stifel Nicolaus lowered shares of Headwaters Inc. (NYSE:HW) from a buy rating to a hold rating in a research report report published on Wednesday. Stifel Nicolaus currently has $21.00 price objective on the stock, down from their previous price objective of $24.25.

A number of other research firms have also recently commented on HW. SunTrust Banks Inc. cut shares of Headwaters from a buy rating to a hold rating in a research report on Tuesday, November 22nd. DA Davidson cut shares of Headwaters from a buy rating to a neutral rating and lifted their price objective for the stock from $24.00 to $24.25 in a research report on Tuesday, November 22nd. Avondale Partners cut shares of Headwaters from an outperform rating to a market perform rating in a research report on Monday, November 21st. Canaccord Genuity cut shares of Headwaters from a buy rating to a hold rating and lifted their price objective for the stock from $23.50 to $24.25 in a research report on Monday, November 21st. Finally, Zacks Investment Research cut shares of Headwaters from a buy rating to a hold rating in a research report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Headwaters currently has a consensus rating of Hold and an average price target of $22.68.

Shares of Headwaters (NYSE:HW) opened at 23.70 on Wednesday. The firm has a market cap of $1.76 billion, a PE ratio of 36.97 and a beta of 1.49. The company’s 50 day moving average is $18.68 and its 200-day moving average is $18.37. Headwaters has a 12 month low of $13.62 and a 12 month high of $23.99.

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

In related news, General Counsel Harlan M. Hatfield sold 1,860 shares of the business’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $23.70, for a total value of $44,082.00. Following the completion of the transaction, the general counsel now owns 53,868 shares of the company’s stock, valued at $1,276,671.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of HW. BlackRock Inc. increased its position in 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. acquired a new position in shares of Headwaters during the second quarter valued at approximately $149,000. Fortaleza Asset Management Inc. increased its position 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 valued at $164,000 after buying an additional 1,880 shares during the last quarter. PineBridge Investments L.P. increased its position 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 valued at $168,000 after buying an additional 347 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new position in shares of Headwaters during the third quarter valued at approximately $185,000. 94.82% of the stock is owned by institutional investors and hedge funds.

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