Nordea Investment Management AB boosted its position in Headwaters Inc. (NYSE:HW) by 82.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,756 shares of the company’s stock after buying an additional 28,866 shares during the period. Nordea Investment Management AB owned approximately 0.09% of Headwaters worth $1,079,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fort Pitt Capital Group LLC boosted its stake in shares of Headwaters by 10.0% in the second quarter. Fort Pitt Capital Group LLC now owns 1,315,321 shares of the company’s stock worth $23,597,000 after buying an additional 119,271 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its stake in shares of Headwaters by 36.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 950,807 shares of the company’s stock worth $17,057,000 after buying an additional 253,350 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Headwaters by 186.4% in the second quarter. First Trust Advisors LP now owns 71,711 shares of the company’s stock worth $1,286,000 after buying an additional 46,672 shares in the last quarter. Capital Fund Management S.A. bought a new stake in shares of Headwaters during the second quarter worth approximately $229,000. Finally, Emerald Advisers Inc. PA boosted its stake in shares of Headwaters by 34.0% in the second quarter. Emerald Advisers Inc. PA now owns 904,624 shares of the company’s stock worth $16,229,000 after buying an additional 229,351 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.
Headwaters Inc. (NYSE:HW) traded up 0.81% during trading on Friday, hitting $23.76. The stock had a trading volume of 1,919,312 shares. Headwaters Inc. has a 12 month low of $13.62 and a 12 month high of $23.99. The firm has a 50 day moving average of $18.48 and a 200-day moving average of $18.34. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 37.07 and a beta of 1.49.
Headwaters (NYSE:HW) last issued its 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 company had revenue of $291.60 million for the quarter, compared to analysts’ expectations of $303.81 million. Headwaters had a return on equity of 30.41% and a net margin of 4.93%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. Equities analysts predict that Headwaters Inc. will post $1.40 earnings per share for the current year.
A number of brokerages have recently commented on HW. Canaccord Genuity cut Headwaters from a “buy” rating to a “hold” rating and boosted their price target for the stock from $23.50 to $24.25 in a research report on Monday, November 21st. Jefferies Group reissued a “buy” rating and issued a $20.00 price target on shares of Headwaters in a research report on Thursday, November 3rd. DA Davidson set a $24.00 price target on Headwaters and gave the stock a “buy” rating in a research report on Saturday, October 8th. Avondale Partners cut Headwaters from an “outperform” rating to a “market perform” rating in a research report on Monday, November 21st. Finally, SunTrust Banks Inc. cut Headwaters from a “buy” rating to a “hold” rating in a research report on Tuesday, November 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $22.68.
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.