CSW Industrials (NASDAQ:CSWI) Upgraded at StockNews.com

CSW Industrials (NASDAQ:CSWI) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Several other research firms also recently weighed in on CSWI. Wells Fargo & Company assumed coverage on CSW Industrials in a research report on Monday, November 25th. They set an “equal weight” rating and a $425.00 target price for the company. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a report on Wednesday, November 13th.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI opened at $409.94 on Friday. CSW Industrials has a fifty-two week low of $177.06 and a fifty-two week high of $436.50. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 55.70 and a beta of 0.81. The business’s 50 day moving average price is $393.07 and its 200-day moving average price is $328.44.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $404.79, for a total value of $404,790.00. Following the completion of the sale, the chief executive officer now owns 50,698 shares in the company, valued at approximately $20,522,043.42. The trade was a 1.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 3,000 shares of company stock valued at $1,139,500. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CSW Industrials

Several institutional investors have recently bought and sold shares of CSWI. Mutual of America Capital Management LLC bought a new stake in CSW Industrials during the 3rd quarter valued at $916,000. Charles Schwab Investment Management Inc. grew its stake in CSW Industrials by 13.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock valued at $61,689,000 after purchasing an additional 19,659 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of CSW Industrials by 40.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock valued at $10,414,000 after buying an additional 8,161 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of CSW Industrials by 49.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,376 shares of the basic materials company’s stock worth $3,018,000 after buying an additional 3,769 shares during the last quarter. Finally, Daymark Wealth Partners LLC acquired a new stake in CSW Industrials in the second quarter valued at approximately $478,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

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.