Headwaters Inc (HW) is Upgraded by DA Davidson to Buy, Price Target at $24

Headwaters Inc (HW) was Upgraded by DA Davidson to ” Buy” and the brokerage firm has set the Price Target at $24. Earlier the firm had a rating of “Neutral ” on the company shares. DA Davidson advised their investors in a research report released on May 4, 2016.

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

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.

Headwaters Inc closed down -0.39 points or -1.95% at $19.62 with 18,50,168 shares getting traded on Monday. Post opening the session at $20, the shares hit an intraday low of $19.53 and an intraday high of $20 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 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.

Headwaters Inc

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