Condor Capital Management maintained its position in Headwaters Inc (NYSE:HW) during the first quarter, Holdings Channel reports. The fund owned 10,565 shares of the construction company’s stock at the end of the first quarter. Condor Capital Management’s holdings in Headwaters were worth $248,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. LS Investment Advisors LLC boosted its position in Headwaters by 148.9% in the first quarter. LS Investment Advisors LLC now owns 6,711 shares of the construction company’s stock valued at $158,000 after buying an additional 4,015 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Headwaters by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 8,270 shares of the construction company’s stock valued at $194,000 after buying an additional 250 shares in the last quarter. Miles Capital Inc. purchased a new position in Headwaters during the fourth quarter valued at approximately $244,000. Eqis Capital Management Inc. purchased a new position in Headwaters during the first quarter valued at approximately $258,000. Finally, Highland Capital Management LP purchased a new position in Headwaters during the fourth quarter valued at approximately $335,000. 86.77% of the stock is currently owned by hedge funds and other institutional investors.
Headwaters Inc (NYSE:HW) remained flat at $24.24 during midday trading on Friday. Headwaters Inc has a 52 week low of $16.05 and a 52 week high of $24.25. The company’s 50-day moving average price is $23.86 and its 200-day moving average price is $23.05.
Headwaters (NYSE:HW) last issued its earnings results on Friday, April 28th. The construction company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. Headwaters had a net margin of 4.18% and a return on equity of 26.48%. The company had revenue of $259.30 million for the quarter, compared to analysts’ expectations of $253.47 million. During the same quarter last year, the company posted $0.13 earnings per share. The firm’s quarterly revenue was up 28.2% on a year-over-year basis. Equities analysts expect that Headwaters Inc will post $1.34 earnings per share for the current fiscal year.
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Several equities analysts have commented on the stock. Jefferies Group LLC reissued a “hold” rating and set a $24.25 target price on shares of Headwaters in a research report on Friday, March 17th. Zacks Investment Research cut shares of Headwaters from a “hold” rating to a “sell” rating in a research report on Thursday, February 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.68.
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.
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