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

CSW Industrials (NASDAQ:CSWI) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Other analysts have also issued reports about the company. Wells Fargo & Company lowered their price target on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group reduced their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, Citigroup dropped their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $384.67.

CSW Industrials Trading Down 0.8 %

NASDAQ CSWI opened at $319.85 on Monday. The stock has a market cap of $5.37 billion, a P/E ratio of 38.21 and a beta of 0.84. CSW Industrials has a 12-month low of $216.61 and a 12-month high of $436.50. The company has a fifty day simple moving average of $373.98 and a two-hundred day simple moving average of $359.95.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, topping 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%. As a group, sell-side analysts forecast that CSW Industrials will post 8.22 earnings per share for the current year.

Insider Buying and Selling at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total value of $70,930.00. Following the sale, the director now directly owns 13,719 shares in the company, valued at $4,865,443.35. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Luke Alverson sold 1,416 shares of the 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 sale, the senior vice president now directly owns 17,156 shares in the company, valued at approximately $6,641,945.40. The trade was a 7.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,103 shares of company stock valued at $3,841,894. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CSW Industrials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund acquired a new position in shares of CSW Industrials in the 4th quarter valued at about $3,282,000. IFP Advisors Inc increased its position in CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after buying an additional 97 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of CSW Industrials during the fourth quarter valued at $370,000. Navellier & Associates Inc. lifted its position in CSW Industrials by 67.1% in the 4th quarter. Navellier & Associates Inc. now owns 1,736 shares of the basic materials company’s stock valued at $612,000 after purchasing an additional 697 shares during the last quarter. Finally, Hardy Reed LLC acquired a new stake in CSW Industrials in the 4th quarter valued at approximately $267,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

About CSW Industrials

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.