Headwaters Inc. (NYSE:HW) saw unusually-high trading volume on Monday . Approximately 546,343 shares traded hands during mid-day trading, an increase of 24% from the previous session’s volume of 440,457 shares.The stock last traded at $19.62 and had previously closed at $19.89.

HW has been the topic of several research analyst reports. DA Davidson initiated coverage on Headwaters in a report on Friday, April 29th. They issued a “neutral” rating and a $24.00 price objective on the stock. Canaccord Genuity reiterated a “buy” rating on shares of Headwaters in a report on Wednesday, May 4th. Zacks Investment Research downgraded Headwaters from a “strong-buy” rating to a “hold” rating in a report on Friday, May 6th. Finally, Wedbush reiterated a “hold” rating and issued a $21.00 price objective on shares of Headwaters in a report on Monday, July 11th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $22.42.

The stock’s 50 day moving average price is $18.49 and its 200 day moving average price is $18.21. The stock has a market capitalization of $1.43 billion and a PE ratio of 9.03.

Several hedge funds have made changes to their positions in HW. Trexquant Investment LP acquired a new stake in shares of Headwaters during the fourth quarter worth about $1,265,000. Fiduciary Management Associates LLC raised its stake in shares of Headwaters by 6.7% in the fourth quarter. Fiduciary Management Associates LLC now owns 1,330,467 shares of the company’s stock worth $22,444,000 after buying an additional 83,345 shares during the last quarter. Waterfront Capital Partners LLC raised its stake in shares of Headwaters by 41.1% in the fourth quarter. Waterfront Capital Partners LLC now owns 1,460,100 shares of the company’s stock worth $24,632,000 after buying an additional 425,100 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Headwaters by 503.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,967,278 shares of the company’s stock worth $33,188,000 after buying an additional 1,641,383 shares during the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new stake in shares of Headwaters during the fourth quarter worth about $1,434,000.

Headwaters Incorporated is a building materials company. The Company’s segments include building products, construction materials and energy technology. Its building products segment consists of product sales to wholesale and retail distributors, contractors and other users of building products. Its construction materials segment consists of coal combustion products (CCP) sales to ready-mix concrete businesses, with a smaller amount from services provided to coal-fueled electric generating utilities.

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