Headwaters Inc (NYSE:HW)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Group LLC in a note issued to investors on Friday. They presently have a $24.25 price objective on the stock. Jefferies Group LLC’s price target would indicate a potential upside of 2.97% from the company’s previous close.
A number of other equities research analysts have also weighed in on HW. Canaccord Genuity lowered Headwaters from a “buy” rating to a “hold” rating and lifted their price objective for the company from $23.50 to $24.25 in a report on Monday, November 21st. Avondale Partners lowered Headwaters from an “outperform” rating to a “market perform” rating in a report on Monday, November 21st. DA Davidson lowered Headwaters from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $24.00 to $24.25 in a report on Tuesday, November 22nd. SunTrust Banks, Inc. lowered Headwaters from a “buy” rating to a “hold” rating in a report on Tuesday, November 22nd. Finally, Stifel Nicolaus lowered Headwaters from a “buy” rating to a “hold” rating and lowered their price objective for the company from $24.25 to $21.00 in a report on Wednesday, November 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.68.
Shares of Headwaters (NYSE:HW) opened at 23.55 on Friday. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 41.61 and a beta of 1.70. Headwaters has a 52-week low of $16.05 and a 52-week high of $23.99. The stock has a 50 day moving average price of $23.20 and a 200-day moving average price of $20.89.
Headwaters (NYSE:HW) last announced its quarterly earnings data on Tuesday, January 31st. The company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.08. Headwaters had a net margin of 4.18% and a return on equity of 26.48%. The business earned $255.60 million during the quarter, compared to analysts’ expectations of $258.67 million. During the same period in the prior year, the firm posted $0.28 EPS. Headwaters’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, equities research analysts predict that Headwaters will post $1.41 EPS for the current fiscal year.
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Several large investors have recently bought and sold shares of the stock. CNH Partners LLC bought a new stake in Headwaters during the fourth quarter worth about $70,585,000. Alpine Associates Management Inc. bought a new stake in Headwaters during the fourth quarter worth about $34,594,000. Allianz Asset Management AG increased its stake in Headwaters by 1,434.9% in the fourth quarter. Allianz Asset Management AG now owns 1,020,000 shares of the company’s stock worth $23,990,000 after buying an additional 953,546 shares during the last quarter. Victory Capital Management Inc. increased its stake in Headwaters by 41.1% in the third quarter. Victory Capital Management Inc. now owns 3,165,643 shares of the company’s stock worth $53,563,000 after buying an additional 922,355 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Headwaters by 3,890.5% in the fourth quarter. Renaissance Technologies LLC now owns 607,114 shares of the company’s stock worth $14,279,000 after buying an additional 591,900 shares during the last quarter. Institutional investors own 86.77% of the company’s stock.
Headwaters Incorporated is a building materials company operating in the building products and construction materials sectors. The Company sells building products, such as manufactured architectural stone, siding accessory products, roof products and concrete block. The Company’s operating segments include building products, construction materials and energy technology.
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