CSW Industrials (NASDAQ:CSWI) Coverage Initiated at The Goldman Sachs Group

Analysts at The Goldman Sachs Group initiated coverage on shares of CSW Industrials (NASDAQ:CSWI) in a research note issued to investors on Friday, Marketbeat reports. The firm set a “neutral” rating and a $450.00 price target on the basic materials company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 8.23% from the company’s previous close.

CSWI has been the subject of several other research reports. Wells Fargo & Company began coverage on shares of CSW Industrials in a research note on Monday, November 25th. They set an “equal weight” rating and a $425.00 price target for the company. Citigroup raised shares of CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th. Finally, StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CSW Industrials currently has an average rating of “Hold” and an average price target of $437.50.

CSW Industrials Stock Performance

CSWI stock opened at $415.77 on Friday. The company has a fifty day moving average price of $393.99 and a 200-day moving average price of $330.16. The company has a market capitalization of $6.99 billion, a P/E ratio of 56.49 and a beta of 0.81. CSW Industrials has a 52-week low of $177.06 and a 52-week high of $436.50.

Insider Buying and Selling

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Monday, September 16th. The shares were sold at an average price of $341.37, for a total transaction of $341,370.00. Following the completion of the transaction, the chief executive officer now owns 51,579 shares of the company’s stock, valued at $17,607,523.23. This trade represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 3,000 shares of company stock valued at $1,139,500 over the last quarter. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp increased its stake in CSW Industrials by 71.7% in the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after purchasing an additional 255,849 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in CSW Industrials by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company’s stock valued at $211,420,000 after purchasing an additional 9,781 shares in the last quarter. Geode Capital Management LLC increased its stake in CSW Industrials by 7.4% in the third quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock valued at $142,536,000 after purchasing an additional 26,728 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in CSW Industrials in the second quarter valued at $65,595,000. Finally, Congress Asset Management Co. increased its stake in CSW Industrials by 3.8% in the third quarter. Congress Asset Management Co. now owns 203,651 shares of the basic materials company’s stock valued at $74,616,000 after purchasing an additional 7,405 shares in the last quarter. 82.79% of the stock is owned by 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.