CSW Industrials (NASDAQ:CSWI) Coverage Initiated at Truist Financial

Investment analysts at Truist Financial assumed coverage on shares of CSW Industrials (NASDAQ:CSWI) in a research note issued to investors on Friday,Briefing.com Automated Import reports. The firm set a “hold” rating and a $362.00 price target on the basic materials company’s stock. Truist Financial’s price target would suggest a potential upside of 14.05% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Citigroup decreased their price target 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. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. The Goldman Sachs Group decreased their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company decreased their price target on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $379.00.

CSW Industrials Stock Up 0.8 %

Shares of NASDAQ:CSWI opened at $317.41 on Friday. CSW Industrials has a 52-week low of $221.10 and a 52-week high of $436.50. The company has a 50 day moving average of $362.71 and a two-hundred day moving average of $360.72. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 37.92 and a beta of 0.84.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. On average, equities analysts anticipate that CSW Industrials will post 8.59 earnings per share for the current year.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $389.78, for a total value of $389,780.00. Following the sale, the chief executive officer now directly owns 49,698 shares in the company, valued at approximately $19,371,286.44. This trade represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Luke Alverson sold 1,416 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $548,204.40. Following the completion of the sale, the senior vice president now owns 17,156 shares in the company, valued at $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. Insiders sold a total of 9,103 shares of company stock valued at $3,437,104 over the last 90 days. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On CSW Industrials

A number of hedge funds have recently added to or reduced their stakes in CSWI. GAMMA Investing LLC lifted 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 buying an additional 36 shares during the last quarter. National Bank of Canada FI bought a new stake in CSW Industrials in the third quarter valued at $28,000. V Square Quantitative Management LLC bought a new stake in CSW Industrials in the third quarter valued at $30,000. IFP Advisors Inc raised its stake in shares of CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 97 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of CSW Industrials during the fourth quarter valued at about $51,000. 82.79% of the stock is currently owned by institutional investors.

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.