Truist Financial Begins Coverage on CSW Industrials (NASDAQ:CSWI)

Truist Financial began coverage on shares of CSW Industrials (NASDAQ:CSWI) in a research report issued on Friday, MarketBeat Ratings reports. The brokerage set a “hold” rating and a $362.00 price target on the basic materials company’s stock. Truist Financial’s target price indicates a potential upside of 13.79% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group decreased their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Citigroup decreased their price target on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company decreased their price target on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, CSW Industrials presently has an average rating of “Hold” and a consensus target price of $379.00.

CSW Industrials Trading Up 0.2 %

Shares of CSWI stock opened at $318.12 on Friday. CSW Industrials has a 1 year low of $221.10 and a 1 year high of $436.50. The firm’s fifty day simple moving average is $358.91 and its 200 day simple moving average is $360.97. The firm has a market capitalization of $5.34 billion, a P/E ratio of 38.01 and a beta of 0.84.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. Equities research analysts anticipate that CSW Industrials will post 8.59 EPS for the current fiscal year.

Insider Activity at CSW Industrials

In other news, SVP Luke Alverson sold 1,416 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $387.15, for a total value of $548,204.40. Following the completion of the sale, the senior vice president now directly owns 17,156 shares of the company’s stock, valued at $6,641,945.40. This represents a 7.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $321.78, for a total value of $64,356.00. Following the completion of the sale, the director now directly owns 13,519 shares of the company’s stock, valued at approximately $4,350,143.82. This trade represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,103 shares of company stock valued at $3,437,104 over the last ninety days. 1.40% of the stock is owned by insiders.

Institutional Trading of CSW Industrials

A number of institutional investors and hedge funds have recently modified their holdings of CSWI. State Street Corp increased its stake in shares of CSW Industrials by 71.7% in the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after acquiring an additional 255,849 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of CSW Industrials by 35,553.3% in the 4th quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company’s stock valued at $71,320,000 after purchasing an additional 201,587 shares during the period. Norges Bank acquired a new position in shares of CSW Industrials in the 4th quarter valued at approximately $59,250,000. Riverbridge Partners LLC acquired a new position in shares of CSW Industrials in the 4th quarter valued at approximately $42,202,000. Finally, Principal Financial Group Inc. grew its position in shares of CSW Industrials by 1,046.2% in the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock valued at $31,140,000 after purchasing an additional 77,576 shares during the period. 82.79% of the stock is owned by 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.