CSW Industrials (NASDAQ:CSWI - Get Free Report) had its price target decreased by Wells Fargo & Company from $425.00 to $410.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the basic materials company's stock. Wells Fargo & Company's target price suggests a potential upside of 9.12% from the company's previous close.
CSWI has been the subject of a number of other research reports. The Goldman Sachs Group assumed coverage on shares of CSW Industrials in a research note on Friday, December 6th. They set a "neutral" rating and a $450.00 price target for the company. StockNews.com upgraded shares of CSW Industrials from a "hold" rating to a "buy" rating in a research note on Friday, December 6th. Finally, Citigroup upgraded CSW Industrials to a "hold" rating in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, CSW Industrials presently has a consensus rating of "Hold" and an average price target of $430.00.
Check Out Our Latest Research Report on CSW Industrials
NASDAQ CSWI traded down $13.42 on Tuesday, reaching $375.75. The stock had a trading volume of 7,635 shares, compared to its average volume of 124,787. The stock has a market cap of $6.32 billion, a P/E ratio of 51.05 and a beta of 0.81. The business's 50-day moving average price is $396.90 and its 200 day moving average price is $335.58. CSW Industrials has a 12-month low of $199.20 and a 12-month high of $436.50.
In related news, CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total transaction of $393,340.00. Following the transaction, the chief executive officer now owns 51,698 shares of the company's stock, valued at $20,334,891.32. This represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Don Sullivan sold 1,965 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president now directly 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. In the last quarter, insiders sold 6,381 shares of company stock worth $2,496,864. Company insiders own 1.40% of the company's stock.
Several hedge funds and other institutional investors have recently made changes to their positions in CSWI. Anchor Investment Management LLC increased its stake in CSW Industrials by 2.5% in the 3rd quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company's stock valued at $472,000 after purchasing an additional 32 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of CSW Industrials by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company's stock worth $461,000 after purchasing an additional 34 shares during the last quarter. Xponance Inc. raised its holdings in shares of CSW Industrials by 3.7% in the second quarter. Xponance Inc. now owns 976 shares of the basic materials company's stock worth $259,000 after acquiring an additional 35 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company's stock worth $26,000 after purchasing an additional 36 shares during the last quarter. Finally, Morse Asset Management Inc grew its position in CSW Industrials by 2.3% during the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company's stock valued at $594,000 after acquiring an additional 36 shares during the period. Institutional investors and hedge funds own 82.79% of the company's stock.
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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