Norman Fields Gottscho Capital Management adds Headwaters Inc (HW) to its portfolio

Headwaters Inc (HW) : Norman Fields Gottscho Capital Management added new position in Headwaters Inc during the most recent quarter end. The investment management firm now holds 12,000 shares of Headwaters Inc which is valued at $200,520 , the company said in a statement filed on Oct 4, 2016 with the SEC.Headwaters Inc makes up approximately 0.13% of Norman Fields Gottscho Capital Management’s portfolio.

Headwaters Inc closed down -0.09 points or -0.54% at $16.56 with 4,09,574 shares getting traded on Tuesday. Post opening the session at $16.68, the shares hit an intraday low of $16.42 and an intraday high of $16.76 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Headwaters Inc reported $0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.35. The company had revenue of $262.50 million for the quarter, compared to analysts expectations of $277.58 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 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 Inc was Downgraded by CL King to ” Neutral” on Aug 9, 2016.

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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