Headwaters Inc (HW) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Nov 25, 2016.
Many Wall Street Analysts have commented on Headwaters Inc. Shares were Downgraded by Stifel on Nov 23, 2016 to ” Hold” and Lowered the Price Target to $ 21 from a previous price target of $24.25 .Jefferies Initiated Headwaters Inc on Sep 13, 2016 to “Buy”, Price Target of the shares are set at $21.
On the company’s financial health, Headwaters Inc reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $0.43. The company had revenue of $291.59 million for the quarter, compared to analysts expectations of $303.25 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Headwaters Inc closed down -0.12 points or -0.59% at $20.09 with 5,14,468 shares getting traded on Monday. Post opening the session at $20.19, the shares hit an intraday low of $20.03 and an intraday high of $20.37 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.