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

Several research firms recently weighed in on HW. Canaccord Genuity restated a “buy” rating and issued a $23.50 price objective on shares of Headwaters in a research report on Thursday, August 4th. Zacks Investment Research upgraded shares of Headwaters from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Wednesday, July 13th. DA Davidson began coverage on shares of Headwaters in a research report on Friday, April 29th. They issued a “neutral” rating and a $24.00 price objective on the stock. CL King cut shares of Headwaters from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 9th. Finally, Deutsche Bank AG upped their price objective 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $22.42.

The firm has a market capitalization of $1.40 billion and a P/E ratio of 8.97. The company has a 50 day moving average price of $19.21 and a 200 day moving average price of $18.57.

Headwaters (NYSE:HW) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.08. During the same quarter last year, the firm posted $0.30 earnings per share. The business earned $262.50 million during the quarter, compared to analyst estimates of $276.83 million. Headwaters’s revenue was up 7.9% on a year-over-year basis. On average, equities research analysts expect that Headwaters Inc. will post $1.14 EPS for the current fiscal year.

In related news, Director R Sam Christensen bought 5,706 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were purchased at an average price of $19.05 per share, with a total value of $108,699.30. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Several institutional investors recently added to or reduced their stakes in HW. Rhumbline Advisers increased its position in 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 in the last quarter. California Public Employees Retirement System increased its position in 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 in the last quarter. Finally, Trexquant Investment LP bought a new position in Headwaters during the fourth quarter valued at $1,265,000.

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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