Wells Fargo & Company Initiates Coverage on CSW Industrials (NASDAQ:CSWI)

Analysts at Wells Fargo & Company began coverage on shares of CSW Industrials (NASDAQ:CSWI) in a research note issued to investors on Monday,Briefing.com Automated Import 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 points to a potential downside of 0.39% from the company’s previous close.

Several other brokerages have also commented on CSWI. Citigroup upgraded CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

CSW Industrials Price Performance

Shares of CSWI stock opened at $426.66 on Monday. The business’s fifty day moving average price is $382.05 and its 200 day moving average price is $318.05. The firm has a market capitalization of $7.18 billion, a PE ratio of 57.97, a P/E/G ratio of 3.42 and a beta of 0.78. CSW Industrials has a 1-year low of $172.97 and a 1-year high of $428.46.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total transaction of $393,340.00. Following the sale, the chief executive officer now owns 51,698 shares of the company’s stock, valued at approximately $20,334,891.32. The trade was a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 3,000 shares of company stock worth $1,139,500. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Anchor Investment Management LLC grew its position 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 purchasing an additional 32 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of CSW Industrials by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock valued at $461,000 after purchasing an additional 34 shares in the last quarter. Xponance Inc. increased its position in CSW Industrials by 3.7% during the second quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock worth $259,000 after buying an additional 35 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of CSW Industrials by 105.9% in the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after buying an additional 36 shares during the last quarter. Finally, Morse Asset Management Inc increased its holdings in shares of CSW Industrials by 2.3% during the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock valued at $594,000 after acquiring an additional 36 shares during the last quarter. 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.