CSW Industrials (NASDAQ:CSWI - Get Free Report) had its price target decreased by stock analysts at Wells Fargo & Company from $425.00 to $410.00 in a research note issued on Tuesday,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 upside of 7.97% from the stock's current price.
CSWI has been the subject of several other research reports. The Goldman Sachs Group began coverage on shares of CSW Industrials in a report on Friday, December 6th. They issued a "neutral" rating and a $450.00 target price for the company. Citigroup upgraded CSW Industrials to a "hold" rating in a research note on Wednesday, November 13th. Finally, StockNews.com upgraded shares of CSW Industrials from a "hold" rating to a "buy" rating in a research note on Friday, December 6th. 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, the stock presently has a consensus rating of "Hold" and an average price target of $430.00.
Read Our Latest Analysis on CSWI
CSW Industrials Trading Down 2.4 %
CSW Industrials stock traded down $9.43 during midday trading on Tuesday, reaching $379.74. The stock had a trading volume of 136,762 shares, compared to its average volume of 125,334. CSW Industrials has a 12 month low of $199.20 and a 12 month high of $436.50. The company has a fifty day moving average price of $397.24 and a two-hundred day moving average price of $336.52. The company has a market capitalization of $6.39 billion, a P/E ratio of 51.63 and a beta of 0.81.
Insider Buying and Selling at CSW Industrials
In related news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total value of $393,340.00. Following the sale, the chief executive officer now directly owns 51,698 shares of the company's stock, valued at $20,334,891.32. This trade represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Don Sullivan sold 1,965 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $387.15, for a total value of $760,749.75. Following the completion of the sale, the executive vice president now owns 30,804 shares of the company's stock, valued at approximately $11,925,768.60. This trade represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,381 shares of company stock worth $2,496,864 over the last ninety days. Insiders own 1.40% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in shares of CSW Industrials by 190.6% during the second quarter. SG Americas Securities LLC now owns 1,831 shares of the basic materials company's stock valued at $486,000 after purchasing an additional 1,201 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in CSW Industrials by 19.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,821 shares of the basic materials company's stock worth $483,000 after acquiring an additional 297 shares in the last quarter. Raymond James & Associates grew its stake in shares of CSW Industrials by 15.3% in the second quarter. Raymond James & Associates now owns 24,904 shares of the basic materials company's stock worth $6,607,000 after acquiring an additional 3,307 shares during the last quarter. HMS Capital Management LLC bought a new position in shares of CSW Industrials during the second quarter valued at $641,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of CSW Industrials by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 77,995 shares of the basic materials company's stock valued at $20,693,000 after acquiring an additional 6,137 shares in the last quarter. Institutional investors own 82.79% of the company's stock.
About CSW Industrials
(
Get Free Report)
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.
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