CSW Industrials (NASDAQ:CSWI) Raised to “Buy” at StockNews.com

CSW Industrials (NASDAQ:CSWI) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Several other equities analysts also recently weighed in on the company. Citigroup raised CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th. Wells Fargo & Company initiated coverage on CSW Industrials in a research report on Monday. They issued an “equal weight” rating and a $425.00 target price for the company.

CSW Industrials Price Performance

Shares of NASDAQ:CSWI traded down $6.35 during midday trading on Wednesday, reaching $417.23. 75,377 shares of the company’s stock were exchanged, compared to its average volume of 127,307. The firm’s 50 day simple moving average is $385.50 and its two-hundred day simple moving average is $321.09. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 56.69, a P/E/G ratio of 3.46 and a beta of 0.78. CSW Industrials has a fifty-two week low of $172.97 and a fifty-two week high of $436.50.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total value of $393,340.00. Following the completion of the transaction, the chief executive officer now owns 51,698 shares in the company, valued at approximately $20,334,891.32. This trade represents a 1.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 3,000 shares of company stock worth $1,139,500. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CSW Industrials

Several institutional investors have recently added to or reduced their stakes in CSWI. Anchor Investment Management LLC lifted its stake in CSW Industrials by 2.5% in the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock valued at $472,000 after buying an additional 32 shares during the last quarter. Hsbc Holdings PLC lifted its stake 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 buying an additional 34 shares during the last quarter. Xponance Inc. lifted its stake in CSW Industrials by 3.7% in the second quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock valued at $259,000 after buying an additional 35 shares during the last quarter. GAMMA Investing LLC lifted its stake in CSW Industrials by 105.9% in the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after buying an additional 36 shares during the last quarter. Finally, Morse Asset Management Inc lifted its stake in CSW Industrials by 2.3% in the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock valued at $594,000 after buying an additional 36 shares during the last quarter. 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.