York Capital Management Global Advisors LLC Invests $5.52 Million in Headwaters Inc (HW)

York Capital Management Global Advisors LLC purchased a new stake in Headwaters Inc (NYSE:HW) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 235,284 shares of the construction company’s stock, valued at approximately $5,524,000. York Capital Management Global Advisors LLC owned about 0.31% of Headwaters at the end of the most recent quarter.

A number of other large investors have also modified their holdings of HW. Russell Investments Group Ltd. acquired a new stake in shares of Headwaters during the fourth quarter valued at 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 valued at $1,842,000 after buying an additional 4,212 shares during the period. Marshall Wace LLP acquired a new stake in shares of Headwaters during the fourth quarter valued at approximately $1,365,000. Gabelli Funds LLC acquired a new stake in shares of Headwaters during the fourth quarter valued at approximately $6,544,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Headwaters during the fourth quarter valued at approximately $629,000. Hedge funds and other institutional investors own 86.77% of the company’s stock.

Institutional Ownership by Quarter for Headwaters (NYSE:HW)

Headwaters Inc (HW) remained flat at $24.24 during mid-day 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 is $24.17 and its 200-day moving average is $23.61.

Headwaters (NYSE:HW) last posted its quarterly earnings results on Friday, April 28th. The construction company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $259.30 million for the quarter, compared to analysts’ expectations of $253.47 million. Headwaters had a return on equity of 26.48% and a net margin of 4.18%. The firm’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 earnings per share. Analysts expect that Headwaters Inc will post $1.34 earnings per share for the current year.

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

About Headwaters

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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