Headwaters Inc. (NYSE:HW) was downgraded by Canaccord Genuity to a “hold” rating in a research report issued to clients and investors on Monday.

A number of other equities analysts have also recently commented on HW. DA Davidson set a $24.00 target price on Headwaters and gave the stock a “buy” rating in a report on Saturday, October 8th. Deutsche Bank AG lifted their target price on Headwaters from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Jefferies Group reiterated a “buy” rating and issued a $20.00 target price on shares of Headwaters in a report on Thursday, November 3rd. Zacks Investment Research cut Headwaters from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Finally, CL King cut Headwaters from a “buy” rating to a “neutral” rating in a report on Tuesday, August 9th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $22.08.

Analyst Recommendations for Headwaters (NYSE:HW)

Headwaters (NYSE:HW) opened at 20.09 on Monday. The company has a market cap of $1.49 billion, a P/E ratio of 31.34 and a beta of 1.49. The firm has a 50-day moving average price of $17.61 and a 200-day moving average price of $18.17. Headwaters has a 12-month low of $13.62 and a 12-month high of $21.25.

Headwaters (NYSE:HW) last announced its earnings results on Tuesday, November 1st. The company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.03. The company earned $291.60 million during the quarter, compared to analysts’ expectations of $303.81 million. Headwaters had a return on equity of 30.41% and a net margin of 4.93%. Headwaters’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. On average, equities research analysts forecast that Headwaters will post $1.40 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Emerald Mutual Fund Advisers Trust boosted its position in Headwaters by 36.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 950,807 shares of the company’s stock worth $17,057,000 after buying an additional 253,350 shares during the last quarter. Fort Pitt Capital Group LLC raised its stake in shares of Headwaters by 10.0% in the second quarter. Fort Pitt Capital Group LLC now owns 1,315,321 shares of the company’s stock worth $23,597,000 after buying an additional 119,271 shares during the period. First Trust Advisors LP raised its stake in shares of Headwaters by 186.4% in the second quarter. First Trust Advisors LP now owns 71,711 shares of the company’s stock worth $1,286,000 after buying an additional 46,672 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Headwaters during the second quarter worth $229,000. Finally, Emerald Advisers Inc. PA raised its stake in shares of Headwaters by 34.0% in the second quarter. Emerald Advisers Inc. PA now owns 904,624 shares of the company’s stock worth $16,229,000 after buying an additional 229,351 shares during the period. Institutional investors own 92.59% of the company’s stock.

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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