Headwaters Inc. (NYSE:HW) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other research firms have also recently weighed in on HW. SunTrust Banks Inc. cut Headwaters from a “buy” rating to a “hold” rating in a research report on Tuesday. DA Davidson downgraded Headwaters from a “buy” rating to a “neutral” rating and lifted their target price for the company from $24.00 to $24.25 in a research note on Tuesday. Avondale Partners downgraded Headwaters from an “outperform” rating to a “market perform” rating in a research note on Monday. Canaccord Genuity downgraded Headwaters from a “buy” rating to a “hold” rating and lifted their target price for the company from $23.50 to $24.25 in a research note on Monday. Finally, Zacks Investment Research downgraded Headwaters from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $22.25.

Analyst Recommendations for Headwaters (NYSE:HW)

Shares of Headwaters (NYSE:HW) opened at 23.52 on Wednesday. Headwaters has a 1-year low of $13.62 and a 1-year high of $23.87. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 36.69 and a beta of 1.49. The stock’s 50 day moving average price is $18.05 and its 200-day moving average price is $18.27.

Headwaters (NYSE:HW) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.38 earnings per share 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 had revenue of $291.60 million for the quarter, compared to analysts’ expectations of $303.81 million. During the same period in the previous year, the firm earned $0.40 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities research analysts forecast that Headwaters will post $1.40 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased 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. State Street Corp increased its stake in Headwaters by 5.5% in the first quarter. State Street Corp now owns 1,518,039 shares of the company’s stock worth $30,121,000 after buying an additional 79,522 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Headwaters by 118.0% in the second quarter. BNP Paribas Arbitrage SA now owns 23,117 shares of the company’s stock worth $415,000 after buying an additional 12,512 shares during the last quarter. New England Research & Management Inc. purchased a new stake in Headwaters during the second quarter worth about $602,000. Finally, Capstone Asset Management Co. increased its stake in Headwaters by 13.4% in the second quarter. Capstone Asset Management Co. now owns 33,050 shares of the company’s stock worth $593,000 after buying an additional 3,900 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

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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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