CSW Industrials (NASDAQ:CSWI) Earns Equal Weight Rating from Analysts at Wells Fargo & Company

Stock analysts at Wells Fargo & Company began coverage on shares of CSW Industrials (NASDAQ:CSWI) in a research report issued on Monday, Marketbeat Ratings reports. The brokerage set an “equal weight” rating and a $425.00 price target on the basic materials company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 0.34% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

CSW Industrials Price Performance

CSWI stock opened at $423.58 on Monday. CSW Industrials has a one year low of $172.97 and a one year high of $436.50. The stock has a market cap of $7.12 billion, a PE ratio of 57.55, a P/E/G ratio of 3.42 and a beta of 0.78. The firm has a 50 day simple moving average of $383.89 and a two-hundred day simple moving average of $319.85.

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the 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 sale, the chief executive officer now directly owns 50,698 shares of the company’s stock, valued at approximately $20,522,043.42. This represents a 1.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 3,000 shares of company stock valued at $1,139,500 in the last three months. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of CSW Industrials

A number of institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC boosted its holdings in shares of CSW Industrials by 142.7% during the 3rd quarter. Tidal Investments LLC now owns 3,526 shares of the basic materials company’s stock valued at $1,292,000 after acquiring an additional 2,073 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of CSW Industrials by 58.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,768 shares of the basic materials company’s stock worth $1,381,000 after purchasing an additional 1,390 shares during the period. Anchor Investment Management LLC raised its stake in CSW Industrials by 2.5% during the 3rd quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock worth $472,000 after acquiring an additional 32 shares during the period. Geode Capital Management LLC raised its stake in 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 acquiring an additional 26,728 shares during the period. Finally, Barclays PLC raised its stake in CSW Industrials by 431.2% during the 3rd quarter. Barclays PLC now owns 29,272 shares of the basic materials company’s stock worth $10,725,000 after acquiring an additional 23,761 shares during the period. 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.