CSW Industrials (NASDAQ:CSWI) Given New $404.00 Price Target at Citigroup

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

Other analysts have also issued reports about the company. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company cut their price objective on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group assumed coverage on CSW Industrials in a report on Friday, December 6th. They set a “neutral” rating and a $450.00 target price for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $404.67.

CSW Industrials Price Performance

Shares of CSWI opened at $380.41 on Monday. The firm has a market cap of $6.40 billion, a PE ratio of 51.69 and a beta of 0.81. The stock’s fifty day moving average price is $389.68 and its two-hundred day moving average price is $351.24. CSW Industrials has a 1 year low of $203.83 and a 1 year high of $436.50.

Insider Transactions at CSW Industrials

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of CSW Industrials 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 completion of the transaction, the director now owns 13,719 shares in the company, valued at approximately $4,865,443.35. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Don Sullivan sold 1,965 shares of CSW Industrials stock in a transaction 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 of the company’s stock, valued at approximately $11,925,768.60. The trade was a 6.00 % decrease in their position. 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. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

Several large investors have recently modified their holdings of CSWI. Oppenheimer Asset Management Inc. grew its holdings in shares of CSW Industrials by 49.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 11,376 shares of the basic materials company’s stock worth $3,018,000 after acquiring an additional 3,769 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of CSW Industrials by 90.0% in the second quarter. Envestnet Asset Management Inc. now owns 52,357 shares of the basic materials company’s stock worth $13,891,000 after acquiring an additional 24,802 shares during the period. Edgestream Partners L.P. bought a new stake in shares of CSW Industrials in the second quarter worth $716,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of CSW Industrials in the second quarter worth $343,000. Finally, Hsbc Holdings PLC grew its holdings in shares of CSW Industrials by 2.0% in the second quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock worth $461,000 after acquiring an additional 34 shares during the period. 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.