Headwaters Inc (HW) Rating Reiterated by Jefferies Group LLC

Headwaters Inc (NYSE:HW)‘s stock had its “hold” rating restated by Jefferies Group LLC in a research report issued on Friday. They currently have a $24.25 price objective on the stock. Jefferies Group LLC’s target price would suggest a potential upside of 2.97% from the company’s previous close.

HW has been the subject of a number of other research reports. Avondale Partners cut Headwaters from an “outperform” rating to a “market perform” rating in a report on Monday, November 21st. DA Davidson cut Headwaters from a “buy” rating to a “neutral” rating and upped their price target for the stock from $24.00 to $24.25 in a report on Tuesday, November 22nd. Zacks Investment Research cut Headwaters from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 4th. Canaccord Genuity cut Headwaters from a “buy” rating to a “hold” rating and upped their price target for the stock from $23.50 to $24.25 in a report on Monday, November 21st. Finally, SunTrust Banks, Inc. cut Headwaters from a “buy” rating to a “hold” rating in a report on Tuesday, November 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Headwaters has a consensus rating of “Hold” and an average target price of $22.68.

Analyst Recommendations for Headwaters (NYSE:HW)

Headwaters (NYSE:HW) opened at 23.55 on Friday. The stock has a market cap of $1.76 billion, a PE ratio of 41.61 and a beta of 1.70. Headwaters has a one year low of $16.05 and a one year high of $23.99. The stock has a 50 day moving average price of $23.20 and a 200-day moving average price of $20.89.

Headwaters (NYSE:HW) last released its quarterly earnings results on Tuesday, January 31st. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by $0.08. The business earned $255.60 million during the quarter, compared to analyst estimates of $258.67 million. Headwaters had a return on equity of 26.48% and a net margin of 4.18%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. Equities research analysts expect that Headwaters will post $1.41 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in HW. Municipal Employees Retirement System of Michigan boosted its position in shares of Headwaters by 1.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 20,570 shares of the company’s stock worth $348,000 after buying an additional 270 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Headwaters by 2.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,234 shares of the company’s stock worth $405,000 after buying an additional 374 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Headwaters by 5.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 39,830 shares of the company’s stock worth $937,000 after buying an additional 2,010 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Headwaters by 2.6% in the third quarter. Great West Life Assurance Co. Can now owns 101,615 shares of the company’s stock worth $1,718,000 after buying an additional 2,583 shares during the last quarter. Finally, Alps Advisors Inc. boosted its position in shares of Headwaters by 13.6% in the third quarter. Alps Advisors Inc. now owns 24,561 shares of the company’s stock worth $416,000 after buying an additional 2,946 shares during the last quarter. 86.77% of the stock is owned by institutional investors and hedge funds.

Headwaters Company Profile

Headwaters Incorporated is a building materials company operating in the building products and construction materials sectors. The Company sells building products, such as manufactured architectural stone, siding accessory products, roof products and concrete block. The Company’s operating segments include building products, construction materials and energy technology.

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