By otakuyassine3@gmail.com 
CSW Industrials (NASDAQ:CSWI – Get Free Report) had its price target lowered by Wells Fargo & Company from $425.00 to $410.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 9.12% from the company’s current price.
A number of other research firms also recently commented on CSWI. Citigroup raised CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group assumed coverage on shares of CSW Industrials in a report on Friday, December 6th. They issued a “neutral” rating and a $450.00 price objective for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $430.00.
Check Out Our Latest Analysis on CSW Industrials
CSW Industrials Price Performance
CSWI traded down $13.42 during trading on Tuesday, hitting $375.75. The company had a trading volume of 7,635 shares, compared to its average volume of 124,787. The company has a market cap of $6.32 billion, a PE ratio of 51.05 and a beta of 0.81. CSW Industrials has a 1-year low of $199.20 and a 1-year high of $436.50. The business has a 50-day moving average of $396.90 and a 200-day moving average of $335.58.
Insider Buying and Selling
In other CSW Industrials news, EVP Don Sullivan sold 1,965 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $760,749.75. Following the completion of the transaction, the executive vice president now owns 30,804 shares in the company, valued at approximately $11,925,768.60. This represents a 6.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $404.79, for a total transaction of $404,790.00. Following the completion of the sale, the chief executive officer now owns 50,698 shares in the company, valued at $20,522,043.42. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,381 shares of company stock valued at $2,496,864. Insiders own 1.40% of the company’s stock.
Institutional Investors Weigh In On CSW Industrials
Several institutional investors have recently bought and sold shares of CSWI. GAMMA Investing LLC boosted its holdings in shares of CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 36 shares during the period. National Bank of Canada FI bought a new position in shares of CSW Industrials during the 3rd quarter valued at $28,000. V Square Quantitative Management LLC acquired a new stake in shares of CSW Industrials in the 3rd quarter valued at $30,000. Peterson Financial Group Inc. bought a new stake in CSW Industrials in the third quarter worth $72,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of CSW Industrials by 508.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 173 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.
About CSW Industrials
CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.
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