Public Employees Retirement Association of Colorado lowered its stake in shares of Headwaters Inc. (NYSE:HW) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 667,988 shares of the company’s stock after selling 5,217 shares during the period. Public Employees Retirement Association of Colorado owned about 0.90% of Headwaters worth $11,984,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aperio Group LLC boosted its position in Headwaters by 11.4% in the first quarter. Aperio Group LLC now owns 18,054 shares of the company’s stock valued at $358,000 after buying an additional 1,847 shares in the last quarter. Skylands Capital LLC boosted its position in Headwaters by 1.7% in the second quarter. Skylands Capital LLC now owns 111,250 shares of the company’s stock valued at $1,996,000 after buying an additional 1,900 shares in the last quarter. BlackRock Inc. boosted its position in Headwaters by 82.3% in the first quarter. BlackRock Inc. now owns 5,076 shares of the company’s stock valued at $100,000 after buying an additional 2,291 shares in the last quarter. Capstone Asset Management Co. boosted its position in Headwaters by 13.4% in the second quarter. Capstone Asset Management Co. now owns 33,050 shares of the company’s stock valued at $593,000 after buying an additional 3,900 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in Headwaters by 8.9% in the first quarter. BlackRock Group LTD now owns 110,891 shares of the company’s stock valued at $2,200,000 after buying an additional 9,071 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Headwaters (NYSE:HW)

Shares of Headwaters Inc. (NYSE:HW) traded up 1.23% during trading on Friday, reaching $17.29. The company’s stock had a trading volume of 344,344 shares. Headwaters Inc. has a 12-month low of $13.62 and a 12-month high of $21.25. The company has a 50 day moving average of $17.20 and a 200 day moving average of $18.57. The company has a market cap of $1.28 billion, a PE ratio of 8.19 and a beta of 1.53.

Headwaters (NYSE:HW) last posted its earnings results on Tuesday, August 2nd. The company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.08. The business earned $262.50 million during the quarter, compared to the consensus estimate of $276.83 million. Headwaters had a return on equity of 34.50% and a net margin of 16.60%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 EPS. On average, analysts anticipate that Headwaters Inc. will post $1.14 EPS for the current fiscal year.

A number of research analysts have recently commented on the company. Canaccord Genuity reaffirmed a “buy” rating and set a $23.50 price target on shares of Headwaters in a research report on Wednesday, July 6th. CL King cut Headwaters from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 9th. Jefferies Group assumed coverage on Headwaters in a research report on Tuesday, September 13th. They set a “buy” rating and a $21.00 price target on the stock. Wedbush reaffirmed a “hold” rating and set a $21.00 price target on shares of Headwaters in a research report on Monday, July 11th. Finally, Zacks Investment Research raised Headwaters from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Wednesday, July 13th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Headwaters currently has an average rating of “Buy” and a consensus price target of $22.21.

In other Headwaters news, insider Bob L. Whisnant sold 32,890 shares of Headwaters stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $19.02, for a total value of $625,567.80. Following the completion of the sale, the insider now owns 6,046 shares of the company’s stock, valued at approximately $114,994.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director R Sam Christensen bought 5,706 shares of Headwaters stock in a transaction on Monday, August 8th. The stock was acquired at an average cost of $19.05 per share, with a total value of $108,699.30. The disclosure for this purchase can be found here. 6.40% of the stock is owned by company insiders.

About Headwaters

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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