Headwaters Inc. (NYSE:HW) was downgraded by equities researchers at SunTrust Banks Inc. from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

HW has been the topic of several other reports. Jefferies Group initiated coverage on shares of Headwaters in a research report on Tuesday, September 13th. They issued a “buy” rating and a $21.00 price target on the stock. Deutsche Bank AG reiterated a “buy” rating on shares of Headwaters in a research report on Wednesday, November 2nd. Canaccord Genuity reiterated a “buy” rating and issued a $23.50 price target on shares of Headwaters in a research report on Thursday, August 4th. Zacks Investment Research lowered shares of Headwaters from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Finally, CL King lowered shares of Headwaters from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 9th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Headwaters has a consensus rating of “Hold” and an average target price of $22.26.

Analyst Recommendations for Headwaters (NYSE:HW)

Headwaters (NYSE:HW) opened at 23.52 on Tuesday. The firm has a market capitalization of $1.74 billion, a PE ratio of 36.69 and a beta of 1.49. The stock’s 50 day moving average price is $17.86 and its 200 day moving average price is $18.23. Headwaters has a one year low of $13.62 and a one year high of $23.87.

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

Several institutional investors have recently made changes to their positions in HW. BlackRock Inc. raised its position in shares of 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 period. Pacad Investment Ltd. bought a new position in shares of Headwaters during the second quarter worth $149,000. Fortaleza Asset Management Inc. raised its position in shares of 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 period. PineBridge Investments L.P. raised its position in shares of 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 period. Finally, KCG Holdings Inc. bought a new position in shares of Headwaters during the third quarter worth $185,000. Institutional investors own 92.59% of the company’s stock.

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

Receive News & Stock Ratings for Headwaters Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Headwaters Inc. and related stocks with our FREE daily email newsletter.