StockNews.com Upgrades CSW Industrials (NASDAQ:CSWI) to "Buy"

CSW Industrials (NASDAQ:CSWI - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.

A number of other research firms also recently issued reports on CSWI. Wells Fargo & Company began coverage on CSW Industrials in a research report on Monday, November 25th. They issued an "equal weight" rating and a $425.00 target price on the stock. Citigroup upgraded CSW Industrials to a "hold" rating in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, CSW Industrials presently has a consensus rating of "Hold" and a consensus target price of $437.50.

CSW Industrials Trading Up 1.4 %

Shares of CSWI stock traded up $5.83 on Friday, hitting $415.77. 72,128 shares of the stock were exchanged, compared to its average volume of 125,999. CSW Industrials has a fifty-two week low of $177.06 and a fifty-two week high of $436.50. The business has a 50-day moving average of $393.99 and a 200 day moving average of $329.60. The firm has a market capitalization of $6.99 billion, a P/E ratio of 56.49 and a beta of 0.81.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total transaction of $393,340.00. Following the transaction, the chief executive officer now directly owns 51,698 shares of the company's stock, valued at approximately $20,334,891.32. This trade represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 3,000 shares of company stock valued at $1,139,500 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CSW Industrials

A number of large investors have recently added to or reduced their stakes in CSWI. GAMMA Investing LLC raised its position in CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of CSW Industrials during the 3rd quarter worth $28,000. V Square Quantitative Management LLC bought a new stake in shares of CSW Industrials during the 3rd quarter worth $30,000. Peterson Financial Group Inc. bought a new stake in shares of CSW Industrials during the 3rd quarter worth $72,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company's stock worth $76,000 after buying 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.