Citigroup Cuts CSW Industrials (NASDAQ:CSWI) Price Target to $404.00

CSW Industrials (NASDAQ:CSWI) had its price target cut by Citigroup from $466.00 to $404.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

A number of other equities analysts also recently weighed in on CSWI. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. The Goldman Sachs Group started coverage on CSW Industrials in a research report on Friday, December 6th. They set a “neutral” rating and a $450.00 price objective on the stock. Finally, Wells Fargo & Company reduced their target price 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 issued a buy rating to the company. According to MarketBeat, CSW Industrials currently has a consensus rating of “Hold” and a consensus price target of $404.67.

CSW Industrials Stock Performance

Shares of CSWI opened at $380.41 on Monday. The stock has a 50 day simple moving average of $389.68 and a 200 day simple moving average of $351.24. CSW Industrials has a 52-week low of $203.83 and a 52-week high of $436.50. The firm has a market capitalization of $6.40 billion, a PE ratio of 51.69 and a beta of 0.81.

Insider Activity

In other CSW Industrials news, EVP Don Sullivan sold 1,965 shares of CSW Industrials 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 $760,749.75. Following the completion of the sale, the executive vice president now directly owns 30,804 shares in the company, valued at approximately $11,925,768.60. The trade was a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Luke Alverson sold 1,522 shares of CSW Industrials stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $358.16, for a total value of $545,119.52. Following the completion of the sale, the senior vice president now owns 15,634 shares of the company’s stock, valued at approximately $5,599,473.44. The trade was a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,903 shares of company stock valued at $3,777,538. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CSW Industrials

A number of hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in 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 during the period. National Bank of Canada FI acquired a new stake in CSW Industrials in the third quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new stake in CSW Industrials in the third quarter valued at approximately $30,000. Peterson Financial Group Inc. acquired a new stake in CSW Industrials in the third quarter valued at approximately $72,000. Finally, Nisa Investment Advisors LLC grew its stake in 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 acquiring an additional 173 shares during the period. 82.79% of the stock is currently 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.