CSW Industrials (NASDAQ:CSWI) Price Target Cut to $295.00 by Analysts at Wells Fargo & Company

CSW Industrials (NASDAQ:CSWI) had its price objective cut by stock analysts at Wells Fargo & Company from $350.00 to $295.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 1.55% from the stock’s current price.

Several other research firms have also recently weighed in on CSWI. Truist Financial assumed coverage on CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 price target for the company. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. The Goldman Sachs Group dropped 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. Finally, Citigroup decreased their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, CSW Industrials has an average rating of “Hold” and an average target price of $365.25.

CSW Industrials Price Performance

CSW Industrials stock traded down $0.98 during mid-day trading on Monday, reaching $299.64. The stock had a trading volume of 6,479 shares, compared to its average volume of 133,764. CSW Industrials has a one year low of $229.49 and a one year high of $436.50. The company has a 50-day moving average price of $298.55 and a two-hundred day moving average price of $352.19. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 36.00 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) 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%. On average, equities research analysts anticipate that CSW Industrials will post 8.49 earnings per share for the current fiscal year.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $378.32, for a total value of $378,320.00. Following the completion of the sale, the chief executive officer now directly owns 48,848 shares in the company, valued at $18,480,175.36. This represents a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Don Sullivan sold 1,800 shares of CSW Industrials stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $377.58, for a total value of $679,644.00. Following the transaction, the executive vice president now owns 29,004 shares in the company, valued at $10,951,330.32. This trade represents a 5.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,012 shares of company stock valued at $2,588,521. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vest Financial LLC bought a new position in shares of CSW Industrials in the first quarter worth approximately $791,000. Portside Wealth Group LLC increased its stake in CSW Industrials by 15.9% in the 1st quarter. Portside Wealth Group LLC now owns 1,213 shares of the basic materials company’s stock worth $354,000 after buying an additional 166 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in CSW Industrials by 410.0% during the first quarter. Contravisory Investment Management Inc. now owns 561 shares of the basic materials company’s stock valued at $164,000 after acquiring an additional 451 shares during the period. Heritage Family Offices LLP lifted its position in shares of CSW Industrials by 9.9% in the first quarter. Heritage Family Offices LLP now owns 779 shares of the basic materials company’s stock valued at $227,000 after acquiring an additional 70 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of CSW Industrials by 63,348.5% in the first quarter. GAMMA Investing LLC now owns 86,290 shares of the basic materials company’s stock worth $25,155,000 after acquiring an additional 86,154 shares during the period. Institutional investors own 82.79% of the company’s stock.

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.