CSW Industrials (NASDAQ:CSWI) Downgraded by StockNews.com to “Hold”

CSW Industrials (NASDAQ:CSWI) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

CSW Industrials Price Performance

NASDAQ CSWI opened at $403.98 on Thursday. The company’s fifty day moving average is $370.37 and its two-hundred day moving average is $310.40. CSW Industrials has a 52-week low of $167.81 and a 52-week high of $428.46. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 54.89, a P/E/G ratio of 3.32 and a beta of 0.78.

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total value of $393,340.00. Following the completion of the transaction, the chief executive officer now owns 51,698 shares of the company’s stock, valued at $20,334,891.32. This represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 3,000 shares of company stock valued at $1,139,500. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CSW Industrials

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in CSW Industrials by 105.9% in the 3rd 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 in the last quarter. National Bank of Canada FI bought a new position in shares of CSW Industrials during the third quarter valued at $28,000. V Square Quantitative Management LLC bought a new position in shares of CSW Industrials during the third quarter valued at $30,000. Contravisory Investment Management Inc. boosted its stake in shares of CSW Industrials by 48.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 38 shares in the last quarter. Finally, Peterson Financial Group Inc. acquired a new stake in shares of CSW Industrials during the 3rd quarter worth about $72,000. 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.