Headwaters Inc. (NYSE:HW) traded down 2.8% during trading on Wednesday . The stock traded as low as $19.08 and last traded at $19.16, with a volume of 268,951 shares changing hands. The stock had previously closed at $19.72.

Several equities research analysts have recently commented on the stock. DA Davidson assumed coverage on shares of Headwaters in a research note on Friday, April 29th. They issued a “neutral” rating and a $24.00 target price on the stock. Zacks Investment Research downgraded shares of Headwaters from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Canaccord Genuity restated a “buy” rating and issued a $23.50 target price on shares of Headwaters in a research note on Thursday, August 4th. Deutsche Bank AG upped their price target on shares of Headwaters from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Finally, CL King downgraded shares of Headwaters from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 9th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $22.42.

The stock’s 50-day moving average price is $19.16 and its 200-day moving average price is $18.56. The firm has a market cap of $1.42 billion and a P/E ratio of 9.06.

Headwaters (NYSE:HW) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by $0.08. During the same quarter last year, the business posted $0.30 EPS. The firm had revenue of $262.50 million for the quarter, compared to analyst estimates of $276.83 million. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts anticipate that Headwaters Inc. will post $1.14 earnings per share for the current year.

In other news, Director R Sam Christensen purchased 5,706 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were acquired at an average cost of $19.05 per share, for a total transaction of $108,699.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A number of hedge funds and institutional investors recently modified their holdings of the company. Trexquant Investment LP bought a new position in shares of Headwaters during the fourth quarter valued at $1,265,000. California Public Employees Retirement System raised its position in shares of Headwaters by 41.5% in the fourth quarter. California Public Employees Retirement System now owns 153,200 shares of the company’s stock valued at $2,584,000 after buying an additional 44,900 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Headwaters by 9.5% in the fourth quarter. Rhumbline Advisers now owns 89,882 shares of the company’s stock valued at $1,516,000 after buying an additional 7,815 shares during the last quarter.

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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