Headwaters Inc (HW) was Initiated by DA Davidson to “Neutral” and the brokerage firm has set the Price Target at $24. DA Davidson advised their investors in a research report released on Apr 29, 2016.
Many Wall Street Analysts have commented on Headwaters Inc. Shares were Reiterated by Deutsche Bank on Feb 3, 2016 to “Buy” and Lowered the Price Target to $ 22 from a previous price target of $24 .
On the company’s financial health, Headwaters Inc reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.18. The company had revenue of $218.40 million for the quarter, compared to analysts expectations of $215.20 million. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.
Headwaters Inc opened for trading at $20.65 and hit $20.99 on the upside on Wednesday, eventually ending the session at $20.92, with a gain of 1.70% or 0.35 points. The heightened volatility saw the trading volume jump to 4,41,670 shares. Company has a market cap of $1,549 M.
In a different news, on Nov 5, 2015, William Gehrmann (Pres. Headwaters Resources) sold 2,112 shares at $17.93 per share price. According to the SEC, on Nov 5, 2015, Harlan M Hatfield (General Counsel) sold 2,788 shares at $17.79 per share price. On Nov 5, 2015, Donald P Newman (Chiel Financial Officer) sold 4,010 shares at $18.29 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Companys 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.