The Goldman Sachs Group Issues Pessimistic Forecast for CSW Industrials (NASDAQ:CSWI) Stock Price

CSW Industrials (NASDAQ:CSWI - Free Report) had its target price trimmed by The Goldman Sachs Group from $450.00 to $400.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the basic materials company's stock.

Several other research firms have also issued reports on CSWI. Citigroup lowered their target price on shares of CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a research note on Monday. StockNews.com raised CSW Industrials from a "hold" rating to a "buy" rating in a report on Friday, December 6th. Finally, Wells Fargo & Company reduced their target price on CSW Industrials from $425.00 to $410.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, CSW Industrials has a consensus rating of "Hold" and an average price target of $404.67.

CSW Industrials Trading Up 1.5 %

CSW Industrials stock traded up $5.47 during mid-day trading on Tuesday, hitting $371.31. The company had a trading volume of 181,748 shares, compared to its average volume of 93,606. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 50.45 and a beta of 0.81. CSW Industrials has a 12-month low of $203.83 and a 12-month high of $436.50. The company's fifty day moving average is $390.14 and its 200-day moving average is $351.03.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, EVP Don Sullivan sold 1,965 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 30,804 shares of the company's stock, valued at $11,925,768.60. This trade represents a 6.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total value of $70,930.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 5,581 shares of company stock valued at $2,174,454 over the last quarter. 1.40% of the stock is currently owned by insiders.

Institutional Trading of CSW Industrials

Several large investors have recently added to or reduced their stakes in CSWI. GAMMA Investing LLC grew its holdings in shares of CSW Industrials by 105.9% in 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 during the period. National Bank of Canada FI acquired a new position in CSW Industrials in the 3rd quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new stake in shares of CSW Industrials in the 3rd quarter valued at approximately $30,000. Peterson Financial Group Inc. acquired a new stake in shares of CSW Industrials during the 3rd quarter worth approximately $72,000. Finally, Nisa Investment Advisors LLC raised its position 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 buying an additional 173 shares during the period. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

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.