Capital Fund Management S.A. acquired a new position in shares of Headwaters Inc. (NYSE:HW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,791 shares of the company’s stock, valued at approximately $229,000.
Several other large investors have also made changes to their positions in the stock. First Dallas Securities Inc. purchased a new stake in Headwaters during the second quarter worth approximately $199,000. Bank of Montreal Can purchased a new stake in Headwaters during the second quarter worth approximately $274,000. Skylands Capital LLC raised its stake in Headwaters by 1.7% in the second quarter. Skylands Capital LLC now owns 111,250 shares of the company’s stock worth $1,996,000 after buying an additional 1,900 shares in the last quarter. New York State Teachers Retirement System raised its stake in Headwaters by 4.8% in the second quarter. New York State Teachers Retirement System now owns 248,641 shares of the company’s stock worth $4,461,000 after buying an additional 11,500 shares in the last quarter. Finally, Copper Rock Capital Partners LLC purchased a new stake in Headwaters during the second quarter worth approximately $23,353,000. 91.28% of the stock is owned by institutional investors.
Headwaters Inc. (NYSE:HW) traded up 1.23% during mid-day trading on Friday, hitting $17.29. 344,344 shares of the stock were exchanged. Headwaters Inc. has a 52-week low of $13.62 and a 52-week high of $21.25. The stock has a 50 day moving average of $17.15 and a 200-day moving average of $18.56. 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 (NYSE:HW) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.38 by $0.08. The firm had revenue of $262.50 million for the quarter, compared to analysts’ expectations of $276.83 million. Headwaters had a return on equity of 34.50% and a net margin of 16.60%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 earnings per share. Equities analysts predict that Headwaters Inc. will post $1.14 EPS for the current fiscal year.
Several brokerages have commented on HW. DA Davidson set a $24.00 price objective on shares of Headwaters and gave the stock a “buy” rating in a report on Saturday, October 8th. Deutsche Bank AG upped their price objective on shares of Headwaters from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research lowered shares of Headwaters from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Canaccord Genuity restated a “buy” rating and issued a $23.50 price objective on shares of Headwaters in a report on Thursday, August 4th. Finally, Wedbush restated a “hold” rating and issued a $21.00 price objective on shares of Headwaters in a report on Monday, July 11th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.21.
In other news, Director R Sam Christensen acquired 5,706 shares of the company’s stock in a transaction on Monday, August 8th. The stock was bought at an average cost of $19.05 per share, with a total value of $108,699.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bob L. Whisnant sold 32,890 shares of Headwaters stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $19.02, for a total transaction of $625,567.80. Following the transaction, the insider now directly owns 6,046 shares of the company’s stock, valued at $114,994.92. The disclosure for this sale can be found here. Company insiders own 6.40% of the company’s stock.
Headwaters Company Profile
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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