Citigroup Lowers CSW Industrials (NASDAQ:CSWI) Price Target to $404.00

CSW Industrials (NASDAQ:CSWI) had its price target decreased by research analysts at Citigroup from $466.00 to $404.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Citigroup’s price target would indicate a potential upside of 8.80% from the stock’s current price.

CSWI has been the topic of a number of other research reports. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company lowered their price target on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group started coverage on shares of CSW Industrials in a research note on Friday, December 6th. They set a “neutral” rating and a $450.00 price objective for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $404.67.

CSW Industrials Stock Up 1.5 %

Shares of NASDAQ:CSWI opened at $371.31 on Monday. The firm has a 50 day moving average of $390.14 and a 200 day moving average of $351.03. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 50.45 and a beta of 0.81. CSW Industrials has a 52 week low of $203.83 and a 52 week high of $436.50.

Insider Buying and Selling at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the completion of the transaction, the director now directly owns 13,719 shares in the company, valued at $4,865,443.35. The trade was a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $404.79, for a total value of $404,790.00. Following the sale, the chief executive officer now directly owns 50,698 shares in the company, valued at $20,522,043.42. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,581 shares of company stock worth $2,174,454. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of CSW Industrials

A number of hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after buying an additional 36 shares during the period. National Bank of Canada FI acquired a new stake in shares of CSW Industrials during the 3rd quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new position in shares of CSW Industrials in the 3rd quarter valued at about $30,000. Peterson Financial Group Inc. acquired a new position in CSW Industrials in the 3rd quarter worth about $72,000. Finally, Nisa Investment Advisors LLC raised its holdings in CSW Industrials by 508.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 173 shares during the period. 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.