Shares of Headwaters Inc. (NYSE:HW) have earned an average rating of “Buy” from the ten research firms that are presently covering the company. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $22.25.

A number of equities analysts recently commented on the stock. Jefferies Group assumed coverage on shares of Headwaters in a research note on Tuesday, September 13th. They set a “buy” rating and a $21.00 target price for the company. CL King downgraded shares of Headwaters from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 9th. Zacks Investment Research downgraded shares of Headwaters from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Canaccord Genuity reiterated a “buy” rating and set a $23.50 target price on shares of Headwaters in a research note on Thursday, August 4th. Finally, Deutsche Bank AG boosted their target price on shares of Headwaters from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd.

In related news, insider Bob L. Whisnant sold 32,890 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $19.02, for a total value of $625,567.80. Following the completion of the sale, the insider now directly owns 6,046 shares of the company’s stock, valued at $114,994.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director R Sam Christensen bought 5,706 shares of Headwaters stock in a transaction dated Monday, August 8th. The stock was acquired at an average cost of $19.05 per share, with a total value of $108,699.30. The disclosure for this purchase can be found here. 6.40% of the stock is currently owned by corporate insiders.

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Several large investors have recently made changes to their positions in HW. BlackRock Fund Advisors boosted its stake in shares of Headwaters by 2.0% in the second quarter. BlackRock Fund Advisors now owns 4,648,471 shares of the company’s stock worth $83,394,000 after buying an additional 91,040 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Headwaters by 2.5% in the second quarter. Vanguard Group Inc. now owns 4,530,501 shares of the company’s stock worth $81,276,000 after buying an additional 111,090 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Headwaters by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,814,631 shares of the company’s stock worth $50,493,000 after buying an additional 46,587 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Headwaters by 6.6% in the second quarter. Victory Capital Management Inc. now owns 2,243,288 shares of the company’s stock worth $40,245,000 after buying an additional 139,247 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in shares of Headwaters by 397.9% in the second quarter. Glenmede Trust Co. NA now owns 1,652,805 shares of the company’s stock worth $29,650,000 after buying an additional 1,320,846 shares during the last quarter. 91.27% of the stock is owned by institutional investors and hedge funds.

Shares of Headwaters (NYSE:HW) traded down 0.12% during midday trading on Wednesday, reaching $16.49. The company’s stock had a trading volume of 121,601 shares. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 7.81 and a beta of 1.82. The company has a 50 day moving average of $18.34 and a 200-day moving average of $18.77. Headwaters has a 52 week low of $13.62 and a 52 week high of $21.25.

Headwaters (NYSE:HW) last issued its earnings results on Tuesday, August 2nd. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.08. The firm had revenue of $262.50 million for the quarter, compared to analyst estimates of $276.83 million. Headwaters had a return on equity of 34.50% and a net margin of 16.60%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. Equities research analysts predict that Headwaters will post $1.14 earnings per share for the current year.

About Headwaters

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.

5 Day Chart for NYSE:HW

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