CSW Industrials (NASDAQ:CSWI) Price Target Lowered to $313.00 at Citigroup

CSW Industrials (NASDAQ:CSWI - Get Free Report) had its price objective dropped by research analysts at Citigroup from $364.00 to $313.00 in a report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the basic materials company's stock. Citigroup's target price would suggest a potential upside of 4.88% from the company's previous close.

CSWI has been the topic of a number of other reports. Wells Fargo & Company reduced their target price on shares of CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Truist Financial began coverage on CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 target price on the stock. StockNews.com downgraded CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group reduced their target price on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, CSW Industrials currently has an average rating of "Hold" and an average price target of $342.50.

CSW Industrials Price Performance

NASDAQ:CSWI traded up $3.07 during trading hours on Monday, hitting $298.43. The company's stock had a trading volume of 68,468 shares, compared to its average volume of 134,869. The company has a market capitalization of $5.01 billion, a P/E ratio of 35.65 and a beta of 0.88. CSW Industrials has a twelve month low of $231.09 and a twelve month high of $436.50. The stock has a fifty day simple moving average of $295.74 and a 200-day simple moving average of $350.01.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last posted its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. On average, equities analysts predict that CSW Industrials will post 8.49 EPS for the current fiscal year.

Insider Activity at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $321.78, for a total value of $64,356.00. Following the transaction, the director now directly owns 13,519 shares in the company, valued at $4,350,143.82. This trade represents a 1.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Luke Alverson sold 1,100 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $292.12, for a total transaction of $321,332.00. Following the completion of the sale, the senior vice president now owns 13,434 shares in the company, valued at $3,924,340.08. This represents a 7.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,631 shares of company stock worth $2,551,912 in the last quarter. Company insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. National Bank of Canada FI purchased a new position in shares of CSW Industrials in the 3rd quarter worth approximately $28,000. Versant Capital Management Inc raised its stake in shares of CSW Industrials by 526.3% during the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock worth $35,000 after purchasing an additional 100 shares during the period. IFP Advisors Inc boosted its holdings in shares of CSW Industrials by 510.5% in the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock worth $42,000 after buying an additional 97 shares during the last quarter. GAMMA Investing LLC grew its position in CSW Industrials by 94.3% during the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock valued at $48,000 after buying an additional 66 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in CSW Industrials during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 82.79% of the company's stock.

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.