The Goldman Sachs Group Has Lowered Expectations for CSW Industrials (NASDAQ:CSWI) Stock Price

CSW Industrials (NASDAQ:CSWI) had its target price lowered by The Goldman Sachs Group from $450.00 to $400.00 in a report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the basic materials company’s stock.

Other equities research analysts have also recently issued reports about the stock. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Citigroup reduced their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Wells Fargo & Company lowered their price objective on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $404.67.

CSW Industrials Stock Up 1.5 %

CSWI stock opened at $371.31 on Tuesday. The firm has a 50 day moving average of $390.14 and a two-hundred day moving average of $351.03. CSW Industrials has a 12 month low of $203.83 and a 12 month high of $436.50. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 50.45 and a beta of 0.81.

Insider Buying and Selling

In other news, SVP Luke Alverson sold 1,416 shares of the stock in a transaction that occurred on 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 approximately $6,641,945.40. This represents a 7.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total transaction of $70,930.00. Following the transaction, the director now directly owns 13,719 shares in the company, valued at $4,865,443.35. This trade represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,581 shares of company stock worth $2,174,454 in the last quarter. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of CSW Industrials

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