CSW Industrials (NASDAQ:CSWI) Coverage Initiated at Wells Fargo & Company

Equities researchers at Wells Fargo & Company initiated coverage on shares of CSW Industrials (NASDAQ:CSWI) in a report released on Monday, MarketBeat reports. The brokerage set an “equal weight” rating and a $425.00 price target on the basic materials company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 0.34% from the stock’s current price.

Several other analysts have also commented on CSWI. Citigroup raised shares of CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

CSW Industrials Stock Performance

Shares of CSWI stock opened at $423.58 on Monday. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 57.55, a P/E/G ratio of 3.42 and a beta of 0.78. CSW Industrials has a 52 week low of $172.97 and a 52 week high of $436.50. The firm’s 50-day simple moving average is $383.89 and its two-hundred day simple moving average is $319.85.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total transaction of $393,340.00. Following the completion of the transaction, the chief executive officer now owns 51,698 shares of the company’s stock, valued at approximately $20,334,891.32. The trade was a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 3,000 shares of company stock valued at $1,139,500 over the last quarter. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

Several hedge funds have recently bought and sold shares of the company. Tidal Investments LLC grew its stake in CSW Industrials by 142.7% during the third quarter. Tidal Investments LLC now owns 3,526 shares of the basic materials company’s stock valued at $1,292,000 after acquiring an additional 2,073 shares in the last quarter. Sanctuary Advisors LLC grew its stake in CSW Industrials by 58.5% during the third quarter. Sanctuary Advisors LLC now owns 3,768 shares of the basic materials company’s stock valued at $1,381,000 after acquiring an additional 1,390 shares in the last quarter. Anchor Investment Management LLC grew its stake in CSW Industrials by 2.5% during the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock valued at $472,000 after acquiring an additional 32 shares in the last quarter. Geode Capital Management LLC grew its stake in CSW Industrials by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock worth $142,536,000 after buying an additional 26,728 shares in the last quarter. Finally, Barclays PLC grew its stake in CSW Industrials by 431.2% in the 3rd quarter. Barclays PLC now owns 29,272 shares of the basic materials company’s stock worth $10,725,000 after buying an additional 23,761 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

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.