StockNews.com Downgrades CSW Industrials (NASDAQ:CSWI) to Hold

CSW Industrials (NASDAQ:CSWI) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

CSW Industrials Stock Performance

NASDAQ CSWI opened at $403.98 on Thursday. CSW Industrials has a 1 year low of $167.81 and a 1 year high of $428.46. The business’s fifty day moving average is $370.37 and its two-hundred day moving average is $310.40. The stock has a market capitalization of $6.79 billion, a P/E ratio of 54.89, a P/E/G ratio of 3.32 and a beta of 0.78.

Insiders Place Their Bets

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $341.37, for a total value of $341,370.00. Following the completion of the sale, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. This represents a 1.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 3,000 shares of company stock worth $1,139,500 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of CSW Industrials

A number of institutional investors have recently added to or reduced their stakes in CSWI. GAMMA Investing LLC raised its stake in shares of CSW Industrials by 105.9% in the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 36 shares in the last quarter. National Bank of Canada FI bought a new position in shares of CSW Industrials in the third quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new stake in shares of CSW Industrials in the third quarter worth $30,000. Contravisory Investment Management Inc. boosted its holdings in shares of CSW Industrials by 48.1% during the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after buying an additional 38 shares during the period. Finally, Peterson Financial Group Inc. bought a new stake in shares of CSW Industrials during the 3rd quarter worth $72,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

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.