CSW Industrials (NASDAQ:CSWI) Price Target Lowered to $350.00 at Wells Fargo & Company

CSW Industrials (NASDAQ:CSWI) had its target price lowered by stock analysts at Wells Fargo & Company from $410.00 to $350.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 6.12% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Citigroup cut their price target on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Finally, The Goldman Sachs Group cut their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Three equities 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 company presently has a consensus rating of “Hold” and an average target price of $384.67.

CSW Industrials Stock Up 0.5 %

Shares of NASDAQ CSWI opened at $329.81 on Friday. CSW Industrials has a twelve month low of $209.48 and a twelve month high of $436.50. The firm has a fifty day simple moving average of $378.25 and a 200 day simple moving average of $358.98. The company has a market capitalization of $5.55 billion, a PE ratio of 44.81 and a beta of 0.85.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a net margin of 13.77% and a return on equity of 17.07%. As a group, equities analysts expect that CSW Industrials will post 8.22 earnings per share for the current fiscal year.

Insider Activity at CSW Industrials

In other CSW Industrials news, SVP Luke Alverson sold 1,522 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $358.16, for a total value of $545,119.52. Following the sale, the senior vice president now directly owns 15,634 shares in the company, valued at $5,599,473.44. This represents a 8.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Don Sullivan sold 1,965 shares of the 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 $760,749.75. Following the completion of the sale, the executive vice president now owns 30,804 shares in the company, valued at $11,925,768.60. This represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,903 shares of company stock worth $3,777,538. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CSW Industrials

Institutional investors have recently made changes to their positions in the stock. 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 valued at $224,486,000 after purchasing an additional 255,849 shares during 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 valued at $211,420,000 after purchasing an additional 9,781 shares during 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 valued at $142,536,000 after purchasing an additional 26,728 shares during the last quarter. Congress Asset Management Co. boosted its position in CSW Industrials by 1.2% during the 4th quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company’s stock valued at $72,745,000 after buying an additional 2,544 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in CSW Industrials by 13.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock valued at $61,689,000 after buying an additional 19,659 shares during the period. 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.