Headwaters Incorporated (HW) has been under a strong bear grip, hence the stock is down -0.31% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.93% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.99% in the last 1 week, and is up 0.72% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.99% and the 50-Day Moving Average is 5.6%. Headwaters Incorporated (NYSE:HW): stock turned positive on Friday. Though the stock opened at $19.54, the bulls momentum made the stock top out at $19.78 level for the day. The stock recorded a low of $19.41 and closed the trading day at $19.64, in the green by 0.51%. The total traded volume for the day was 580,344. The stock had closed at $19.54 in the previous days trading.
The company Insiders own 6.4% of Headwaters Incorporated shares according to the proxy statements. Institutional Investors own 95.63% of Headwaters Incorporated shares. Also, Major Brokerage house, CL King downgrades its ratings on Headwaters Incorporated (NYSE:HW). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 9, 2016.
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.