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

CSW Industrials (NASDAQ:CSWI) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

CSW Industrials Trading Down 1.6 %

CSWI traded down $6.76 during trading on Thursday, hitting $407.79. 73,604 shares of the company traded hands, compared to its average volume of 128,601. The stock’s 50-day simple moving average is $368.05 and its two-hundred day simple moving average is $309.72. CSW Industrials has a 1 year low of $167.81 and a 1 year high of $428.46. The company has a market cap of $6.86 billion, a PE ratio of 55.41, a P/E/G ratio of 3.35 and a beta of 0.78.

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total transaction of $393,340.00. Following the completion of the sale, the chief executive officer now directly owns 51,698 shares of the company’s stock, valued at $20,334,891.32. This represents a 1.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CSW Industrials

Several institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC lifted its holdings in shares of CSW Industrials by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 34 shares in the last quarter. Xponance Inc. increased its position in CSW Industrials by 3.7% in the 2nd quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock valued at $259,000 after acquiring an additional 35 shares during the period. GAMMA Investing LLC boosted its holdings 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 valued at $26,000 after acquiring an additional 36 shares in the last quarter. Contravisory Investment Management Inc. raised its position in CSW Industrials by 48.1% in the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 38 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of CSW Industrials by 17.4% during the 3rd quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock worth $96,000 after acquiring an additional 39 shares in the last quarter. 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.