Headwaters Inc (HW) was Initiated by Jefferies to “Buy” and the brokerage firm has set the Price Target at $21. Jefferies advised their investors in a research report released on Sep 13, 2016.
Many Wall Street Analysts have commented on Headwaters Inc. Headwaters Inc was Downgraded by CL King to ” Neutral” on Aug 9, 2016.
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.
Headwaters Inc opened for trading at $16.61 and hit $17.025 on the upside on Monday, eventually ending the session at $16.98, with a gain of 1.98% or 0.33 points. The heightened volatility saw the trading volume jump to 609,126 shares. Company has a market cap of $1,258 M.
In a different news, on Aug 22, 2016, Bob L. Whisnant (President HCM, Block Group) sold 32,890 shares at $19.02 per share price. According to the SEC, on Aug 8, 2016, R Sam Christensen (director) purchased 5,706 shares at $19.05 per share price. On Nov 5, 2015, William Gehrmann (Pres. Headwaters Resources) sold 2,112 shares at $17.93 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.