The stock of Headwaters Inc (NYSE:HW) hit a new 52-week high and has $33.18 target or 41.00% above today’s $23.53 share price. The 6 months bullish chart indicates low risk for the $1.73B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $33.18 price target is reached, the company will be worth $709.30M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 9.27 million shares traded hands or 1133.19% up from the average. Headwaters Inc (NYSE:HW) has declined 1.57% since April 19, 2016 and is downtrending. It has underperformed by 5.43% the S&P500.
Headwaters Inc (NYSE:HW) Ratings Coverage
Out of 6 analysts covering Headwaters Inc (NYSE:HW), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Headwaters Inc has been the topic of 10 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Jefferies initiated it with “Buy” rating and $21 target price in Tuesday, September 13 report. The firm has “Neutral” rating given on Tuesday, August 9 by CL King. The company was upgraded on Tuesday, August 18 by TheStreet. As per Wednesday, July 22, the company rating was initiated by CL King. DA Davidson initiated Headwaters Inc (NYSE:HW) on Friday, April 29 with “Neutral” rating. On Thursday, January 28 the stock rating was maintained by Canaccord Genuity with “Buy”. The company was upgraded on Tuesday, September 1 by Zacks. The stock of Headwaters Inc (NYSE:HW) has “Buy” rating given on Wednesday, August 5 by Stifel Nicolaus.
According to Zacks Investment Research, “Headwaters Incorporated is a world leader in creating value through innovative advancements in the utilization of natural resources. Headwaters is a diversified growth company providing products, technologies and services to the energy, construction and home improvement industries. Through its alternative energy, coal combustion products, and building materials businesses, the Company earns a growing revenue stream that provides the capital needed to expand and acquire synergistic new business opportunities.”
Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.08, from 1.15 in 2016Q1. The ratio dropped, as 26 funds sold all Headwaters Inc shares owned while 61 reduced positions. 36 funds bought stakes while 64 increased positions. They now own 65.14 million shares or 1.21% more from 64.36 million shares in 2016Q1.
Prudential Fincl holds 0.02% of its portfolio in Headwaters Inc (NYSE:HW) for 803,918 shares. Nationwide Fund Advsrs reported 170,863 shares or 0.01% of all its holdings. Fortaleza Asset Mngmt has 9,135 shares for 0.13% of their US portfolio. Brant Point Mngmt Ltd Llc holds 124,300 shares or 0.21% of its portfolio. Herndon Mgmt owns 355 shares or 0% of their US portfolio. Livingston Asset Management Com (Operating As Southport Capital Management), a Tennessee-based fund reported 4,625 shares. Stifel Financial holds 0.01% or 142,344 shares in its portfolio. Aperio Gp Limited Company accumulated 0% or 20,267 shares. Ny State Teachers Retirement has 0.01% invested in the company for 248,641 shares. Northpointe Capital Limited Co holds 369,118 shares or 0.78% of its portfolio. Blair William & Il holds 15,174 shares or 0% of its portfolio. Moreover, Tygh Cap Mngmt has 1.71% invested in Headwaters Inc (NYSE:HW) for 337,780 shares. Swiss National Bank has 0% invested in the company for 121,900 shares. Moreover, Blue Bell Private Wealth Management Lc has 0.06% invested in Headwaters Inc (NYSE:HW) for 5,000 shares. Pacad Investment Ltd has invested 0.02% of its portfolio in Headwaters Inc (NYSE:HW).
Insider Transactions: Since August 8, 2016, the stock had 1 buy, and 1 insider sale for $516,787 net activity. The insider Whisnant Bob L. sold 32,890 shares worth $625,486. CHRISTENSEN R SAM bought $108,699 worth of Headwaters Inc (NYSE:HW) on Monday, August 8.
More news for Headwaters Inc (NYSE:HW) were recently published by: Wsj.com, which released: “Boral to Acquire Headwaters Inc.” on November 20, 2016. Reuters.com‘s article titled: “BRIEF-Boral Limited to buy Headwaters Inc” and published on November 20, 2016 is yet another important article.
HW Company Profile
Headwaters Incorporated, incorporated on August 08, 1995, is a building materials company. The Companyâ€™s divisions include building products, construction materials and energy technology. The Companyâ€™s building products segment consists of product sales to wholesale and retail distributors, contractors and other users of building products. The Company’s construction materials segment consists of coal combustion products (CCP) sales to ready-mix concrete businesses, with a smaller amount from services provided to coal-fueled electric generating utilities. The Company’s energy technology segment consists of catalyst sales to oil refineries.
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