CSW Industrials (NASDAQ:CSWI) Price Target Lowered to $295.00 at Wells Fargo & Company

CSW Industrials (NASDAQ:CSWI - Get Free Report) had its price target lowered by investment analysts at Wells Fargo & Company from $350.00 to $295.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the basic materials company's stock. Wells Fargo & Company's price target suggests a potential downside of 1.15% from the company's current price.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group cut their price objective on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Citigroup decreased their price objective on CSW Industrials from $466.00 to $404.00 and set a "neutral" rating for the company in a report on Monday, January 13th. Truist Financial started coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 price target on the stock. Finally, StockNews.com cut CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $342.50.

CSW Industrials Trading Up 1.0 %

Shares of NASDAQ CSWI traded up $3.07 during midday trading on Monday, hitting $298.43. The company's stock had a trading volume of 68,468 shares, compared to its average volume of 134,723. The stock has a fifty day moving average price of $296.26 and a 200 day moving average price of $350.46. CSW Industrials has a one year low of $231.09 and a one year high of $436.50. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 35.65 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating 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 research analysts predict that CSW Industrials will post 8.49 earnings per share for the current fiscal year.

Insider Buying and Selling at CSW Industrials

In related news, EVP Don Sullivan sold 1,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $296.45, for a total transaction of $444,675.00. Following the completion of the sale, the executive vice president now owns 27,489 shares of the company's stock, valued at $8,149,114.05. This represents a 5.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James E. Perry sold 145 shares of CSW Industrials stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $307.77, for a total transaction of $44,626.65. Following the completion of the sale, the chief financial officer now owns 23,282 shares of the company's stock, valued at $7,165,501.14. This trade represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,631 shares of company stock worth $2,551,912 over the last ninety days. Company insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On CSW Industrials

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSWI. Proficio Capital Partners LLC raised its position in CSW Industrials by 35,553.3% during the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock valued at $71,320,000 after acquiring an additional 201,587 shares in the last quarter. Norges Bank acquired a new stake in CSW Industrials in the 4th quarter valued at about $59,250,000. Riverbridge Partners LLC acquired a new position in CSW Industrials during the fourth quarter worth $42,202,000. GAMMA Investing LLC grew its holdings in shares of CSW Industrials by 63,348.5% in the first quarter. GAMMA Investing LLC now owns 86,290 shares of the basic materials company's stock valued at $25,155,000 after purchasing an additional 86,154 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of CSW Industrials by 1,046.2% during the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company's stock worth $31,140,000 after buying an additional 77,576 shares during the last quarter. Hedge funds and other institutional investors 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.