Brokerage firm CL King Downgrades its rating on Headwaters Inc(NYSE:HW). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by CL King was issued on Aug 9, 2016.
In a different note, On Aug 3, 2016, Deutsche Bank said it Maintains its rating on Headwaters Inc. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Buy’ by the firm.
Headwaters Inc (HW) shares turned negative on Wednesdays trading session with the shares closing down -0.59 points or -2.99% at a volume of 7,31,869. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.75. The peak price level was also seen at $19.75 while the days lowest was $19.07. Finally the shares closed at $19.13. The 52-week high of the shares is $21.692 while the 52-week low is $13.413. According to the latest information available, the market cap of the company is $1,418 M.
Headwaters Inc(HW) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $262.47M. Analysts had an estimated revenue of $276.83M. Earnings per share were $0.30. Analysts had estimated an EPS of $0.38.
Several Insider Transactions has been reported to the SEC. On Aug 8, 2016, R Sam Christensen (director) purchased 5,706 shares at $19.05 per share price.Also, On Nov 5, 2015, William Gehrmann (Pres. Headwaters Resources) sold 2,112 shares at $17.93 per share price.On Nov 5, 2015, Harlan M Hatfield (General Counsel) sold 2,788 shares at $17.79 per share price, according to the Form-4 filing with the securities and exchange commission.
Headwaters Incorporated (Headwaters) is a building products company providing products and services in the light and heavy building materials sectors. It operates in three segments: light building products heavy construction materials and energy technology. The Companys light building products segment is engaged in design manufacture and marketing of siding accessories used in residential repair and remodeling and new residential construction applications. Heavy construction materials segment is engaged in management and marketing of fly ash and other CCPs procuring fly ash from coal-fueled electric generating utilities and supplying it to customers as a mineral admixture used as a partial replacement for portland cement in the production of concrete. The energy technology segment is focused on reducing waste and increasing the value of energy-related feedstocks primarily in the areas of low-value coal and oil.