Citigroup Cuts CSW Industrials (NASDAQ:CSWI) Price Target to $404.00

CSW Industrials (NASDAQ:CSWI - Get Free Report) had its price objective dropped by research analysts at Citigroup from $466.00 to $404.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the basic materials company's stock. Citigroup's price target suggests a potential upside of 10.43% from the company's previous close.

A number of other equities analysts have also weighed in on CSWI. Wells Fargo & Company lowered their target price on CSW Industrials from $425.00 to $410.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 17th. StockNews.com raised CSW Industrials from a "hold" rating to a "buy" rating in a report on Friday, December 6th. Finally, The Goldman Sachs Group initiated coverage on CSW Industrials in a report on Friday, December 6th. They set a "neutral" rating and a $450.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $421.33.

CSW Industrials Stock Performance

CSWI traded up $3.74 on Monday, reaching $365.84. The company had a trading volume of 133,243 shares, compared to its average volume of 86,478. The stock has a market cap of $6.15 billion, a P/E ratio of 49.71 and a beta of 0.85. CSW Industrials has a fifty-two week low of $203.83 and a fifty-two week high of $436.50. The company's fifty day moving average is $390.26 and its 200 day moving average is $349.57.

Insider Activity at CSW Industrials

In related news, EVP Don Sullivan sold 1,965 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $760,749.75. Following the sale, the executive vice president now owns 30,804 shares of the company's stock, valued at $11,925,768.60. The trade was a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value of $70,930.00. Following the transaction, the director now directly owns 13,719 shares of the company's stock, valued at approximately $4,865,443.35. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,581 shares of company stock valued at $2,567,794 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CSW Industrials

Several large investors have recently modified their holdings of CSWI. State Street Corp lifted its stake in CSW Industrials by 71.7% in the third quarter. State Street Corp now owns 612,696 shares of the basic materials company's stock valued at $224,486,000 after buying an additional 255,849 shares during the period. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of CSW Industrials during the second quarter worth about $65,595,000. Principal Financial Group Inc. raised its holdings in shares of CSW Industrials by 1,046.2% in the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company's stock worth $31,140,000 after acquiring an additional 77,576 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in CSW Industrials during the 3rd quarter valued at about $25,589,000. Finally, Franklin Resources Inc. boosted its stake in CSW Industrials by 2,006.7% during the 3rd quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company's stock valued at $22,702,000 after purchasing an additional 54,882 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Company Profile

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.