Frontfour Capital Group buys $13,691,876 stake in Headwaters Inc (HW)

Headwaters Inc (HW) : Frontfour Capital Group scooped up 242,005 additional shares in Headwaters Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 664,977 shares of Headwaters Inc which is valued at $13,691,876.Headwaters Inc makes up approximately 7.38% of Frontfour Capital Group’s portfolio.

Other Hedge Funds, Including , Tradewinds Global Investors sold out all of its stake in HW during the most recent quarter. The investment firm sold 18,804 shares of HW which is valued $387,174.New York State Common Retirement Fund boosted its stake in HW in the latest quarter, The investment management firm added 17,488 additional shares and now holds a total of 339,962 shares of Headwaters Inc which is valued at $6,024,127. Headwaters Inc makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.Sg Americas Securities boosted its stake in HW in the latest quarter, The investment management firm added 66,658 additional shares and now holds a total of 78,151 shares of Headwaters Inc which is valued at $1,384,836. Headwaters Inc makes up approx 0.02% of Sg Americas Securities’s portfolio.Arizona State Retirement System reduced its stake in HW by selling 100 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 38,359 shares of HW which is valued at $644,048. Headwaters Inc makes up approx 0.01% of Arizona State Retirement System’s portfolio.Nordea Investment Management Ab boosted its stake in HW in the latest quarter, The investment management firm added 28,866 additional shares and now holds a total of 63,756 shares of Headwaters Inc which is valued at $1,070,463.

Headwaters Inc closed down -0.12 points or -0.59% at $20.09 with 5,14,468 shares getting traded on Monday. Post opening the session at $20.19, the shares hit an intraday low of $20.03 and an intraday high of $20.37 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Headwaters Inc reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $0.43. The company had revenue of $291.59 million for the quarter, compared to analysts expectations of $303.25 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on Headwaters Inc. Jefferies Initiated Headwaters Inc on Sep 13, 2016 to “Buy”, Price Target of the shares are set at $21.

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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