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

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

A number of other analysts have also weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Friday. The Goldman Sachs Group cut their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Citigroup decreased their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, CSW Industrials presently has an average rating of “Hold” and an average price target of $384.67.

CSW Industrials Price Performance

Shares of CSWI traded down $7.49 on Monday, reaching $322.32. The company’s stock had a trading volume of 171,310 shares, compared to its average volume of 122,820. CSW Industrials has a 12-month low of $216.61 and a 12-month high of $436.50. The stock’s 50 day simple moving average is $378.25 and its two-hundred day simple moving average is $359.45. The stock has a market capitalization of $5.41 billion, a P/E ratio of 38.51 and a beta of 0.84.

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, topping 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%. Analysts expect that CSW Industrials will post 8.22 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Don Sullivan sold 1,965 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $760,749.75. Following the sale, the executive vice president now owns 30,804 shares of the company’s stock, valued at approximately $11,925,768.60. The trade was a 6.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Luke Alverson sold 1,416 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction 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. The trade was a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,903 shares of company stock valued at $3,777,538. Company insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its position in shares of CSW Industrials by 71.7% during the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after acquiring an additional 255,849 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in CSW Industrials by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company’s stock worth $211,420,000 after purchasing an additional 9,781 shares in the last quarter. Geode Capital Management LLC boosted its stake in CSW Industrials by 7.4% during the third quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock valued at $142,536,000 after buying an additional 26,728 shares in the last quarter. Congress Asset Management Co. boosted its stake in shares of CSW Industrials by 1.2% during the 4th quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company’s stock worth $72,745,000 after acquiring an additional 2,544 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in CSW Industrials by 13.2% in 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. Hedge funds and other 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.