Headwaters Inc. (NYSE:HW) – Equities research analysts at Jefferies Group decreased their Q4 2016 earnings estimates for shares of Headwaters in a research note issued on Tuesday. Jefferies Group analyst P. Ng now expects that the brokerage will earn $0.43 per share for the quarter, down from their prior estimate of $0.45. Jefferies Group has a “Buy” rating and a $21.00 price target on the stock. Jefferies Group also issued estimates for Headwaters’ Q1 2017 earnings at $0.30 EPS, Q2 2017 earnings at $0.20 EPS, Q3 2017 earnings at $0.46 EPS and FY2017 earnings at $1.52 EPS.

Headwaters (NYSE:HW) last posted its earnings results on Tuesday, August 2nd. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.08. Headwaters had a return on equity of 34.50% and a net margin of 16.60%. The company earned $262.50 million during the quarter, compared to the consensus estimate of $276.83 million. During the same period last year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis.

A number of other equities analysts also recently issued reports on HW. Canaccord Genuity reiterated a “buy” rating and set a $23.50 price objective on shares of Headwaters in a research note on Wednesday, July 6th. Deutsche Bank AG increased their target price on shares of Headwaters from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Zacks Investment Research raised shares of Headwaters from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Wednesday, July 13th. Wedbush reissued a “hold” rating and set a $21.00 target price on shares of Headwaters in a research report on Monday, July 11th. Finally, CL King cut shares of Headwaters from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 9th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $22.21.

Headwaters (NYSE:HW) traded up 1.45% during midday trading on Wednesday, reaching $16.80. 133,537 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 7.95 and a beta of 1.53. Headwaters has a 12-month low of $13.62 and a 12-month high of $21.25. The stock’s 50-day moving average is $17.64 and its 200-day moving average is $18.66.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Headwaters by 82.3% in the first quarter. BlackRock Inc. now owns 5,076 shares of the company’s stock worth $100,000 after buying an additional 2,291 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in Headwaters during the second quarter worth $149,000. Fortaleza Asset Management Inc. raised its stake in Headwaters by 25.9% in the second quarter. Fortaleza Asset Management Inc. now owns 9,135 shares of the company’s stock worth $164,000 after buying an additional 1,880 shares during the last quarter. PineBridge Investments L.P. raised its stake in Headwaters by 3.8% in the second quarter. PineBridge Investments L.P. now owns 9,391 shares of the company’s stock worth $168,000 after buying an additional 347 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Headwaters by 15.7% in the second quarter. Teacher Retirement System of Texas now owns 10,454 shares of the company’s stock worth $188,000 after buying an additional 1,415 shares during the last quarter. Hedge funds and other institutional investors own 91.27% of the company’s stock.

In related news, Director R Sam Christensen purchased 5,706 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was acquired at an average price of $19.05 per share, with a total value of $108,699.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bob L. Whisnant sold 32,890 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $19.02, for a total transaction of $625,567.80. Following the completion of the transaction, the insider now directly owns 6,046 shares of the company’s stock, valued at approximately $114,994.92. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by company insiders.

Headwaters Company Profile

Headwaters Incorporated is a building materials company. The Company’s segments include building products, construction materials and energy technology. Its building products segment consists of product sales to wholesale and retail distributors, contractors and other users of building products. Its construction materials segment consists of coal combustion products (CCP) sales to ready-mix concrete businesses, with a smaller amount from services provided to coal-fueled electric generating utilities.

5 Day Chart for NYSE:HW

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