Deutsche Bank Maintains Headwaters Inc to Buy with Price Target $22.00

Brokerage firm Deutsche Bank Maintains its rating on Headwaters Inc(NYSE:HW). In a research note issued to the investors, the brokerage major Raises the price-target to $22.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Aug 3, 2016.

Headwaters Inc (HW) made into the market gainers list on Fridays trading session with the shares advancing 0.51% or 0.1 points. Due to strong positive momentum, the stock ended at $19.64, which is also near the day’s high of $19.78. The stock began the session at $19.54 and the volume stood at 5,80,344 shares. The 52-week high of the shares is $21.692 and the 52 week low is $13.413. The company has a current market capitalization of $1,456 M and it has 7,41,09,015 shares in outstanding.

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 Nov 5, 2015, William Gehrmann (Pres. Headwaters Resources) sold 2,112 shares at $17.93 per share price.Also, On Nov 5, 2015, Harlan M Hatfield (General Counsel) sold 2,788 shares at $17.79 per share price.On Nov 5, 2015, Donald P Newman (Chiel Financial Officer) sold 4,010 shares at $18.29 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 Company’s 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.

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