Headwaters Inc (NYSE:HW) saw unusually-strong trading volume on Tuesday after the company announced better than expected quarterly earnings, MarketBeat reports. Approximately 888,434 shares were traded during mid-day trading, an increase of 14% from the previous session’s volume of 776,399 shares.The stock last traded at $16.65 and had previously closed at $16.02.

The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.13. The business earned $218.40 million during the quarter, compared to analysts’ expectations of $215.28 million. During the same period in the previous year, the company posted $0.09 EPS.

Several equities research analysts have recently weighed in on HW shares. Zacks Investment Research raised shares of Headwaters from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, January 27th. Stifel Nicolaus reissued a “buy” rating and set a $22.00 target price (down previously from $24.00) on shares of Headwaters in a research report on Wednesday, November 4th. Canaccord Genuity reissued a “buy” rating and set a $23.00 target price on shares of Headwaters in a research report on Wednesday, November 4th. Finally, Avondale Partners reissued a “market outperform” rating on shares of Headwaters in a research report on Thursday, October 29th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Headwaters currently has an average rating of “Buy” and a consensus price target of $20.71.

In other Headwaters news, insider Bob L. Whisnant sold 1,527 shares of the firm’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $18.75, for a total value of $28,631.25. Following the completion of the transaction, the insider now owns 16,025 shares of the company’s stock, valued at $300,468.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Kirk A. Benson sold 18,192 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $18.90, for a total transaction of $343,828.80. Following the completion of the transaction, the chief executive officer now directly owns 400,665 shares of the company’s stock, valued at approximately $7,572,568.50. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of HW. ICON Advisers bought a new position in Headwaters during the third quarter worth about $1,974,000. Quantitative Systematic Strategies acquired a new stake in Headwaters during the fourth quarter worth $705,000. First American Bank raised its stake in Headwaters by 17.7% in the fourth quarter. First American Bank now owns 17,310 shares of the company’s stock worth $292,000 after buying an additional 2,600 shares during the last quarter. Capstone Asset Management Company raised its stake in Headwaters by 3.6% in the fourth quarter. Capstone Asset Management Company now owns 29,470 shares of the company’s stock worth $497,000 after buying an additional 1,020 shares during the last quarter. Finally, Skylands Capital raised its stake in Headwaters by 18.8% in the fourth quarter. Skylands Capital now owns 28,400 shares of the company’s stock worth $479,000 after buying an additional 4,500 shares during the last quarter.

The firm has a 50 day moving average price of $15.87 and a 200-day moving average price of $18.69. The firm has a market cap of $1.22 billion and a PE ratio of 9.50.

Headwaters Incorporated (NYSE:HW) is a building products company providing products and services in the light and heavy building materials sectors. It operates in three segments: light building products, heavy construction materials and energy technology. The Company’s light building products segment is engaged in design, manufacture and marketing of siding accessories used in residential repair and remodeling and new residential construction applications. Heavy construction materials segment is engaged in management and marketing of fly ash and other CCPs, procuring fly ash from coal-fueled electric generating utilities and supplying it to customers as a mineral admixture used as a partial replacement for portland cement in the production of concrete. The energy technology segment is focused on reducing waste and increasing the value of energy-related feedstocks, primarily in the areas of low-value coal and oil.

12 Month Chart for NYSE:HW

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