Public Employees Retirement Association of Colorado cut its position in Headwaters Inc. (NYSE:HW) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 667,988 shares of the company’s stock after selling 5,217 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Headwaters were worth $11,984,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of HW. BlackRock Inc. increased its position 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 period. First Dallas Securities Inc. purchased a new position in Headwaters during the second quarter worth about $199,000. Capital Fund Management S.A. purchased a new position in Headwaters during the second quarter worth about $229,000. Bayesian Capital Management LP purchased a new position in Headwaters during the first quarter worth about $252,000. Finally, Royal Bank of Canada increased its position in Headwaters by 1,216.1% in the first quarter. Royal Bank of Canada now owns 12,740 shares of the company’s stock worth $253,000 after buying an additional 11,772 shares during the period. 91.28% of the stock is owned by institutional investors and hedge funds.
Headwaters Inc. (NYSE:HW) traded up 1.23% during midday trading on Friday, reaching $17.29. The company’s stock had a trading volume of 344,344 shares. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 8.19 and a beta of 1.53. Headwaters Inc. has a one year low of $13.62 and a one year high of $21.25. The stock’s 50 day moving average price is $17.20 and its 200-day moving average price is $18.57.
Headwaters (NYSE:HW) last released its earnings results on Tuesday, August 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.08. Headwaters had a net margin of 16.60% and a return on equity of 34.50%. The firm earned $262.50 million during the quarter, compared to analyst estimates of $276.83 million. During the same period in the previous year, the company earned $0.30 earnings per share. Headwaters’s revenue was up 7.9% on a year-over-year basis. On average, analysts forecast that Headwaters Inc. will post $1.14 EPS for the current fiscal year.
HW has been the topic of several analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $23.50 target price on shares of Headwaters in a research report on Wednesday, July 6th. Wedbush reiterated a “hold” rating and set a $21.00 target price on shares of Headwaters in a research report on Monday, July 11th. Zacks Investment Research upgraded Headwaters from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Wednesday, July 13th. Deutsche Bank AG lifted their target price on Headwaters from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, CL King downgraded Headwaters from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $22.21.
In other news, Director R Sam Christensen bought 5,706 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were purchased at an average cost of $19.05 per share, with a total value of $108,699.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bob L. Whisnant sold 32,890 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $19.02, for a total value of $625,567.80. Following the completion of the transaction, the insider now directly owns 6,046 shares in the company, valued at $114,994.92. The disclosure for this sale can be found here. 6.40% of the stock is owned by corporate insiders.
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.
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