CSW Industrials (NASDAQ:CSWI) Stock Rating Lowered by StockNews.com

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

Several other research firms have also recently issued reports on CSWI. The Goldman Sachs Group reduced their target price on 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 reduced 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 report on Monday, January 13th. Finally, Wells Fargo & Company lowered their target price on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, CSW Industrials has an average rating of “Hold” and an average price target of $384.67.

CSW Industrials Stock Down 0.8 %

NASDAQ CSWI opened at $319.85 on Monday. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 38.21 and a beta of 0.84. The company has a 50-day simple moving average of $373.98 and a two-hundred day simple moving average of $359.95. CSW Industrials has a 12-month low of $216.61 and a 12-month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. Equities analysts expect that CSW Industrials will post 8.22 earnings per share for the current fiscal year.

Insider Activity at CSW Industrials

In related news, SVP Luke Alverson sold 1,416 shares of CSW Industrials 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 in the company, valued at approximately $6,641,945.40. This trade represents a 7.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $404.79, for a total transaction of $404,790.00. Following the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 10,103 shares of company stock valued at $3,841,894. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of CSW Industrials

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in shares of CSW Industrials by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock worth $142,536,000 after acquiring an additional 26,728 shares in the last quarter. Mutual of America Capital Management LLC bought a new position in CSW Industrials in the 3rd quarter worth about $916,000. Charles Schwab Investment Management Inc. increased its holdings in CSW Industrials by 13.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock worth $61,689,000 after purchasing an additional 19,659 shares during the period. Thrivent Financial for Lutherans lifted 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 worth $10,414,000 after buying an additional 8,161 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of CSW Industrials by 8.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock worth $3,482,000 after buying an additional 744 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

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.