Jefferies Issues a Hold Rating on Headwaters IncBy Jason Carr
Jefferies analyst Philip Ng reiterated a Hold rating on Headwaters Inc (NYSE: HW) today and set a price target of $24.25. The company’s shares opened today at $23.55, close to its 52-week high of $23.99.
According to TipRanks.com, Ng is a top 100 analyst with an average return of 16.2% and a 75.6% success rate. Ng covers the Consumer Goods sector, focusing on stocks such as Orchids Paper Products Company, International Paper Co, and Graphic Packaging.
Headwaters Inc has an analyst consensus of Hold, with a price target consensus of $23.88.
The company has a one year high of $23.99 and a one year low of $16.05. Currently, Headwaters Inc has an average volume of 839.3K.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is neutral on the stock. Most recently, in December 2016, Harlan Hatfield, the General Counsel of HW sold 9,889 shares for a total of $233,084.
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Headwaters, Inc. engages in the manufacturing of building products for the residential construction residential remodeling, commercial and institutional construction industries. Its products include architectural stone, resin-based exterior siding accessories such as specialty siding and shutters; roofing, trim board, decking, railing concrete block, and various other building products. It operates through the Headwaters Building Products and Headwaters Construction Materials segments. The Headwaters Building Products segment offers siding and trimboard, architectural stone, specialty roofing and concrete block products. The Headwaters Construction Materials segment refers to the sale of fly ash in the United States. The company was founded in 1995 and is headquartered in South Jordan, UT.