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

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

A number of other equities research analysts have also recently issued reports on CSWI. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. The Goldman Sachs Group assumed coverage on CSW Industrials in a research note on Friday, December 6th. They set a “neutral” rating and a $450.00 price objective on the stock. Finally, Wells Fargo & Company dropped their price target on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, CSW Industrials presently has an average rating of “Hold” and an average price target of $421.33.

CSW Industrials Stock Up 1.0 %

Shares of CSW Industrials stock opened at $365.84 on Monday. CSW Industrials has a 12-month low of $203.83 and a 12-month high of $436.50. The stock has a market cap of $6.15 billion, a P/E ratio of 49.71 and a beta of 0.85. The business’s 50 day moving average is $390.29 and its 200-day moving average is $350.29.

Insider Activity at CSW Industrials

In other CSW Industrials news, SVP Luke Alverson sold 1,416 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $387.15, for a total value of $548,204.40. Following the transaction, the senior vice president now directly owns 17,156 shares of the company’s stock, valued at $6,641,945.40. This represents a 7.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total value of $70,930.00. Following the completion of the transaction, the director now directly owns 13,719 shares in the company, valued at approximately $4,865,443.35. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,581 shares of company stock worth $2,174,454. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of CSW Industrials by 71.7% during the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after purchasing an additional 255,849 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of CSW Industrials by 1.7% during the 3rd 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 grew its holdings in shares of CSW Industrials by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock worth $142,536,000 after purchasing an additional 26,728 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of CSW Industrials during the 2nd quarter worth $65,595,000. Finally, Congress Asset Management Co. grew its holdings in shares of CSW Industrials by 3.8% during the 3rd quarter. Congress Asset Management Co. now owns 203,651 shares of the basic materials company’s stock worth $74,616,000 after purchasing an additional 7,405 shares in the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

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.