Zelman Capital Lowers stake in Headwaters Inc (HW)

Headwaters Inc (HW) : Zelman Capital reduced its stake in Headwaters Inc by 2.7% during the most recent quarter end. The investment management company now holds a total of 1,440,294 shares of Headwaters Inc which is valued at $27,812,077 after selling 40,000 shares in Headwaters Inc , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.Headwaters Inc makes up approximately 13.60% of Zelman Capital’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in HW in the latest quarter, The investment management firm added 3,900 additional shares and now holds a total of 33,050 shares of Headwaters Inc which is valued at $638,196. Headwaters Inc makes up approx 0.02% of Capstone Asset Management Co’s portfolio. Cutler Group Lp added HW to its portfolio by purchasing 3,451 company shares during the most recent quarter which is valued at $66,639.Bnp Paribas Arbitrage Sa boosted its stake in HW in the latest quarter, The investment management firm added 12,512 additional shares and now holds a total of 23,117 shares of Headwaters Inc which is valued at $432,288. Kistler-tiffany Companies added HW to its portfolio by purchasing 16 company shares during the most recent quarter which is valued at $299. New England Research Management added HW to its portfolio by purchasing 33,531 company shares during the most recent quarter which is valued at $596,852. Headwaters Inc makes up approx 0.52% of New England Research Management’s portfolio.

Headwaters Inc opened for trading at $19.52 and hit $19.72 on the upside on Monday, eventually ending the session at $19.7, with a gain of 1.03% or 0.2 points. The heightened volatility saw the trading volume jump to 3,63,915 shares. Company has a market cap of $1,459 M.

On the company’s financial health, Headwaters Inc reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.10. The company had revenue of $202.30 million for the quarter, compared to analysts expectations of $198.82 million. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Many Wall Street Analysts have commented on Headwaters Inc. DA Davidson Upgraded Headwaters Inc on May 4, 2016 to ” Buy”, Price Target of the shares are set at $24.DA Davidson Initiated Headwaters Inc on Apr 29, 2016 to “Neutral”, Price Target of the shares are set at $24.

Headwaters Incorporated (Headwaters) is a building products company providing products and services in the light and heavy building materials sectors. It operates in three segments: light building products heavy construction materials and energy technology. The Company’s light building products segment is engaged in design manufacture and marketing of siding accessories used in residential repair and remodeling and new residential construction applications. Heavy construction materials segment is engaged in management and marketing of fly ash and other CCPs procuring fly ash from coal-fueled electric generating utilities and supplying it to customers as a mineral admixture used as a partial replacement for portland cement in the production of concrete. The energy technology segment is focused on reducing waste and increasing the value of energy-related feedstocks primarily in the areas of low-value coal and oil.

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