The Goldman Sachs Group Issues Pessimistic Forecast for CSW Industrials (NASDAQ:CSWI) Stock Price

CSW Industrials (NASDAQ:CSWI) had its price target lowered by research analysts at The Goldman Sachs Group from $450.00 to $400.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. The Goldman Sachs Group’s target price points to a potential upside of 9.34% from the stock’s previous close.

Several other equities research analysts also recently issued reports on CSWI. Wells Fargo & Company cut their price target on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Citigroup lowered 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. Finally, StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $404.67.

CSW Industrials Stock Performance

CSW Industrials stock opened at $365.84 on Tuesday. The stock has a 50-day simple moving average of $390.29 and a 200 day simple moving average of $350.29. The stock has a market capitalization of $6.15 billion, a P/E ratio of 49.71 and a beta of 0.85. CSW Industrials has a 52 week low of $203.83 and a 52 week high of $436.50.

Insider Activity

In related news, EVP Don Sullivan sold 1,965 shares of the company’s stock in a transaction 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 directly owns 30,804 shares in the company, valued at $11,925,768.60. This represents a 6.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the completion of the sale, the director now owns 13,719 shares in the company, valued at approximately $4,865,443.35. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,581 shares of company stock worth $2,174,454. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

A number of hedge funds have recently made changes to their positions in CSWI. Oppenheimer Asset Management Inc. raised its position in CSW Industrials by 49.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,376 shares of the basic materials company’s stock worth $3,018,000 after purchasing an additional 3,769 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of CSW Industrials by 90.0% in the second quarter. Envestnet Asset Management Inc. now owns 52,357 shares of the basic materials company’s stock valued at $13,891,000 after buying an additional 24,802 shares during the period. Edgestream Partners L.P. bought a new position in shares of CSW Industrials during the second quarter worth about $716,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of CSW Industrials in the second quarter worth approximately $343,000. Finally, Hsbc Holdings PLC boosted its holdings in CSW Industrials by 2.0% in the second 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 last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

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.