Today: Headwaters Inc. (HW) Decreased to “Hold” at SunTrust Banks Inc.

Today: Headwaters Inc. (HW) Decreased to “Hold” at SunTrust Banks Inc.

SunTrust Banks Inc. downgraded shares of Headwaters Inc. (NYSE:HW) from a buy rating to a hold rating in a report released on Tuesday.

A number of other analysts also recently weighed in on HW. DA Davidson set a $24.00 price target on Headwaters and gave the company a buy rating in a research note on Saturday, October 8th. CL King downgraded Headwaters from a buy rating to a neutral rating in a research note on Tuesday, August 9th. Zacks Investment Research downgraded Headwaters from a buy rating to a hold rating in a research note on Thursday, August 4th. Canaccord Genuity restated a buy rating and issued a $23.50 price target on shares of Headwaters in a research note on Thursday, August 4th. Finally, Deutsche Bank AG lifted their price target on Headwaters from $21.00 to $22.00 and gave the company a buy rating in a research note on Wednesday, August 3rd. One 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. The stock currently has an average rating of Hold and an average price target of $22.68.

Headwaters (NYSE:HW) opened at 23.76 on Tuesday. Headwaters has a 1-year low of $13.62 and a 1-year high of $23.99. The company has a 50-day moving average price of $18.48 and a 200 day moving average price of $18.34. The firm has a market capitalization of $1.76 billion, a P/E ratio of 37.07 and a beta of 1.49.

Headwaters (NYSE:HW) last announced its earnings results on Tuesday, November 1st. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.03. Headwaters had a net margin of 4.93% and a return on equity of 30.41%. The company earned $291.60 million during the quarter, compared to analysts’ expectations of $303.81 million. During the same quarter last year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts expect that Headwaters will post $1.40 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. First Dallas Securities Inc. bought a new position in Headwaters during the second quarter worth $199,000. Bank of Montreal Can bought a new position in Headwaters during the second quarter worth $274,000. Skylands Capital LLC boosted 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. New York State Teachers Retirement System boosted 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. Finally, Copper Rock Capital Partners LLC bought a new position in Headwaters during the second quarter worth $23,353,000. 94.82% of the stock is owned by institutional investors.

Headwaters Company Profile

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