Wells Fargo & Company Lowers CSW Industrials (NASDAQ:CSWI) Price Target to $410.00

CSW Industrials (NASDAQ:CSWI) had its target price reduced by analysts at Wells Fargo & Company from $425.00 to $410.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 13.63% from the company’s current price.

A number of other research firms have also recently commented on CSWI. The Goldman Sachs Group started coverage on shares of CSW Industrials in a research report on Friday, December 6th. They set a “neutral” rating and a $450.00 target price for the company. Citigroup upgraded CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th. Finally, StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $430.00.

CSW Industrials Stock Down 5.0 %

CSW Industrials stock opened at $360.81 on Tuesday. The firm has a market cap of $6.07 billion, a P/E ratio of 49.02 and a beta of 0.81. The business has a fifty day moving average of $397.07 and a two-hundred day moving average of $337.56. CSW Industrials has a twelve month low of $200.50 and a twelve month high of $436.50.

Insiders Place Their Bets

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was 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 of the company’s stock, valued at $20,522,043.42. This trade represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Don Sullivan sold 1,965 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $760,749.75. Following the sale, the executive vice president now directly owns 30,804 shares in the company, valued at $11,925,768.60. The trade was a 6.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,381 shares of company stock valued at $2,496,864. 1.40% of the stock is owned by company insiders.

Institutional Trading of CSW Industrials

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