Headwaters Inc. (NYSE:HW) General Counsel Harlan M. Hatfield sold 1,860 shares of the company’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $23.70, for a total value of $44,082.00. Following the completion of the transaction, the general counsel now owns 53,868 shares of the company’s stock, valued at $1,276,671.60. The transaction was disclosed in a filing with the SEC, which is available at this link.

Headwaters Inc. (NYSE:HW) opened at 23.70 on Tuesday. The firm’s 50-day moving average price is $18.68 and its 200-day moving average price is $18.37. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 36.97 and a beta of 1.49. Headwaters Inc. has a 52-week low of $13.62 and a 52-week high of $23.99.

Headwaters (NYSE:HW) last issued 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. The firm had revenue of $291.60 million for the quarter, compared to analysts’ expectations of $303.81 million. Headwaters had a net margin of 4.93% and a return on equity of 30.41%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. On average, equities analysts anticipate that Headwaters Inc. will post $1.40 EPS for the current year.

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HW has been the subject of a number of research reports. Deutsche Bank AG upped their price objective on Headwaters from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $23.50 price objective on shares of Headwaters in a report on Thursday, August 4th. Zacks Investment Research cut Headwaters from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. CL King cut Headwaters from a “buy” rating to a “neutral” rating in a report on Tuesday, August 9th. Finally, Jefferies Group began coverage on Headwaters in a report on Tuesday, September 13th. They issued a “buy” rating and a $21.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.68.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors raised its position in shares of Headwaters by 8.2% in the third quarter. BlackRock Fund Advisors now owns 5,030,811 shares of the company’s stock worth $85,121,000 after buying an additional 382,340 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Headwaters by 2.5% in the second quarter. Vanguard Group Inc. now owns 4,530,501 shares of the company’s stock worth $81,276,000 after buying an additional 111,090 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Headwaters by 41.1% in the third quarter. Victory Capital Management Inc. now owns 3,165,643 shares of the company’s stock worth $53,563,000 after buying an additional 922,355 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Headwaters by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,814,631 shares of the company’s stock worth $50,493,000 after buying an additional 46,587 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Headwaters by 1.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,893,234 shares of the company’s stock worth $32,034,000 after buying an additional 19,876 shares during the last quarter. Hedge funds and other institutional investors own 94.82% 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

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