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

CSW Industrials (NASDAQ:CSWI) had its price target lowered by research analysts at Citigroup from $466.00 to $404.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. Citigroup’s price objective suggests a potential upside of 8.80% from the stock’s previous close.

A number of other brokerages have also recently commented on CSWI. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company reduced their price objective on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Finally, The Goldman Sachs Group assumed coverage on shares of CSW Industrials in a research report on Friday, December 6th. They set a “neutral” rating and a $450.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $404.67.

CSW Industrials Stock Up 1.5 %

CSWI opened at $371.31 on Monday. The company has a market cap of $6.25 billion, a PE ratio of 50.45 and a beta of 0.81. CSW Industrials has a twelve month low of $203.83 and a twelve month high of $436.50. The company has a 50-day moving average price of $390.14 and a 200 day moving average price of $351.03.

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $404.79, for a total transaction of $404,790.00. Following the completion of the sale, the chief executive officer now directly owns 50,698 shares in the company, valued at $20,522,043.42. This trade represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Luke Alverson sold 1,416 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $548,204.40. Following the completion of the transaction, the senior vice president now owns 17,156 shares in the company, valued at approximately $6,641,945.40. This represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,581 shares of company stock worth $2,174,454. Insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSWI. Anchor Investment Management LLC boosted its position in shares of CSW Industrials by 2.5% during the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock worth $472,000 after buying an additional 32 shares during the period. Hsbc Holdings PLC boosted its holdings in CSW Industrials by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 34 shares during the period. Xponance Inc. grew its position in CSW Industrials by 3.7% in the 2nd quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock valued at $259,000 after acquiring an additional 35 shares in the last quarter. GAMMA Investing LLC increased its stake in CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 36 shares during the period. Finally, Morse Asset Management Inc lifted its position in shares of CSW Industrials by 2.3% during the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock worth $594,000 after purchasing an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

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.