Fort Pitt Capital Group buys $25,412,002 stake in Headwaters Inc (HW)

Headwaters Inc (HW) : Fort Pitt Capital Group scooped up 119,271 additional shares in Headwaters Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 1,315,321 shares of Headwaters Inc which is valued at $25,412,002.Headwaters Inc makes up approximately 3.02% of Fort Pitt Capital Group’s portfolio.

Other Hedge Funds, Including , Monarch Partners Asset Management boosted its stake in HW in the latest quarter, The investment management firm added 78,830 additional shares and now holds a total of 165,490 shares of Headwaters Inc which is valued at $3,266,773. Headwaters Inc makes up approx 0.32% of Monarch Partners Asset Management’s portfolio.Northpointe Capital reduced its stake in HW by selling 46,831 shares or 11.26% in the most recent quarter. The Hedge Fund company now holds 369,118 shares of HW which is valued at $7,286,389. Headwaters Inc makes up approx 0.83% of Northpointe Capital’s portfolio.Redwood Investments boosted its stake in HW in the latest quarter, The investment management firm added 45,303 additional shares and now holds a total of 276,175 shares of Headwaters Inc which is valued at $5,451,695. Headwaters Inc makes up approx 0.48% of Redwood Investments’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.

Headwaters Inc opened for trading at $19.37 and hit $19.47 on the upside on Thursday, eventually ending the session at $19.42, with a gain of 0.52% or 0.1 points. The heightened volatility saw the trading volume jump to 6,57,349 shares. Company has a market cap of $1,438 M.

On the company’s financial health, Headwaters Inc reported $0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.35. The company had revenue of $262.50 million for the quarter, compared to analysts expectations of $277.58 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 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.

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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