Headwaters Incorporated (HW) : Zacks Investment Research ranks Headwaters Incorporated (HW) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 1.44, which indicates as a Strong Buy.
Headwaters Incorporated (HW) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $25 and the lowest price target forecast is $20. The average forecast of all the analysts is $22.25 and the expected standard deviation is $1.67.
Also, CL King downgrades its rating on Headwaters Incorporated (NYSE:HW). Analysts at the CL King have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 9, 2016.
Headwaters Incorporated (NYSE:HW): After opening at $16.69, the stock dipped to an intraday low of $16.56 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.95 and the buying power remained strong till the end. The stock closed at $16.82 for the day, a gain of 1.26% for the day session. The total traded volume was 482,183. The stocks close on the previous trading day was $16.61.
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.