StockNews.com Downgrades CSW Industrials (NASDAQ:CSWI) to Hold

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

CSWI has been the subject of several other reports. The Goldman Sachs Group decreased their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Wells Fargo & Company decreased their price objective on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, 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. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $384.67.

CSW Industrials Stock Down 2.3 %

NASDAQ:CSWI traded down $7.49 on Monday, hitting $322.32. The stock had a trading volume of 171,310 shares, compared to its average volume of 122,820. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 38.51 and a beta of 0.84. CSW Industrials has a 52-week low of $216.61 and a 52-week high of $436.50. The business’s 50-day simple moving average is $378.25 and its two-hundred day simple moving average is $359.45.

CSW Industrials (NASDAQ:CSWI) last released its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. As a group, equities research analysts anticipate that CSW Industrials will post 8.22 EPS for the current year.

Insiders Place Their Bets

In other CSW Industrials news, SVP Luke Alverson sold 1,416 shares of CSW Industrials stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $548,204.40. Following the transaction, the senior vice president now directly owns 17,156 shares in the company, valued at approximately $6,641,945.40. The trade was a 7.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $404.79, for a total transaction of $404,790.00. Following the completion of the sale, the chief executive officer now directly owns 50,698 shares of the company’s stock, 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. Insiders sold a total of 9,903 shares of company stock valued at $3,777,538 over the last 90 days. 1.40% of the stock is owned by company insiders.

Institutional Trading of CSW Industrials

Several institutional investors have recently bought and sold shares of the stock. Navellier & Associates Inc. raised its holdings in CSW Industrials by 67.1% during the 4th quarter. Navellier & Associates Inc. now owns 1,736 shares of the basic materials company’s stock worth $612,000 after purchasing an additional 697 shares during the last quarter. Hardy Reed LLC acquired a new position in CSW Industrials during the fourth quarter worth $267,000. Handelsbanken Fonder AB raised its stake in CSW Industrials by 11.0% in the fourth quarter. Handelsbanken Fonder AB now owns 6,069 shares of the basic materials company’s stock valued at $2,141,000 after buying an additional 600 shares during the period. Keene & Associates Inc. bought a new position in CSW Industrials in the 4th quarter valued at about $529,000. Finally, Principal Financial Group Inc. raised its stake in CSW Industrials by 4.8% in the 4th quarter. Principal Financial Group Inc. now owns 89,061 shares of the basic materials company’s stock worth $31,421,000 after purchasing an additional 4,070 shares in the last quarter. Institutional investors and hedge funds 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.