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Equities researchers at Stifel Nicolaus lowered their price objective on shares of Headwaters (NYSE:HW) from $16.50 to $15.00 in a research report issued on Thursday. Stifel Nicolaus’ price target suggests a potential upside of 35.50% from the company’s current price.

Shares of Headwaters (NYSE:HW) traded up 3.55% during mid-day trading on Thursday, hitting $11.07. 992,119 shares of the company’s stock traded hands. Headwaters has a 52-week low of $8.30 and a 52-week high of $14.16. The stock’s 50-day moving average is $12.97 and its 200-day moving average is $12.54. The company has a market cap of $810.4 million and a P/E ratio of 89.08.

Headwaters (NYSE:HW) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.08. The company had revenue of $223.00 million for the quarter, compared to the consensus estimate of $222.32 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Analysts expect that Headwaters will post $0.32 EPS for the current fiscal year.

Separately, analysts at Canaccord Genuity cut their price target on shares of Headwaters from $15.00 to $14.00 in a research note on Wednesday.

Headwaters Incorporated (NYSE:HW) provides products, technologies and services in the building products, construction materials and energy industries.

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