FNY Partners Fund LP Invests $957,000 in Headwaters Inc (HW)

FNY Partners Fund LP purchased a new position in Headwaters Inc (NYSE:HW) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 40,800 shares of the construction company’s stock, valued at approximately $957,000. FNY Partners Fund LP owned approximately 0.05% of Headwaters at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HW. Russell Investments Group Ltd. bought a new stake in shares of Headwaters during the fourth quarter worth approximately $1,118,000. Comerica Bank boosted its stake in shares of Headwaters by 5.6% in the fourth quarter. Comerica Bank now owns 78,908 shares of the construction company’s stock worth $1,842,000 after buying an additional 4,212 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Headwaters during the fourth quarter worth approximately $1,365,000. Gabelli Funds LLC bought a new stake in shares of Headwaters during the fourth quarter worth approximately $6,544,000. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Headwaters during the fourth quarter worth approximately $629,000. 86.77% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Headwaters (NYSE:HW)

Shares of Headwaters Inc (NYSE:HW) remained flat at $24.24 during trading on Thursday. The stock has a 50-day moving average price of $24.21 and a 200-day moving average price of $23.62. Headwaters Inc has a 12-month low of $16.05 and a 12-month high of $24.25.

Headwaters (NYSE:HW) last announced its earnings results on Friday, April 28th. The construction company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The company had revenue of $259.30 million during the quarter, compared to the consensus estimate of $253.47 million. Headwaters had a net margin of 1.98% and a return on equity of 5.96%. Headwaters’s revenue was up 28.2% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share. Equities research analysts anticipate that Headwaters Inc will post $1.34 earnings per share for the current year.

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Separately, Jefferies Group LLC reissued a “hold” rating and issued a $24.25 price target on shares of Headwaters in a research report on Friday, March 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.68.

Headwaters Company Profile

Headwaters Incorporated is a building materials company operating in the building products and construction materials sectors. The Company sells building products, such as manufactured architectural stone, siding accessory products, roof products and concrete block. The Company’s operating segments include building products, construction materials and energy technology.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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