Wells Fargo & Company Issues Pessimistic Forecast for CSW Industrials (NASDAQ:CSWI) Stock Price

CSW Industrials (NASDAQ:CSWI) had its price objective dropped by stock analysts at Wells Fargo & Company from $425.00 to $410.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 13.63% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Citigroup upgraded CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group started coverage on CSW Industrials in a report on Friday, December 6th. They set a “neutral” rating and a $450.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $430.00.

CSW Industrials Trading Down 5.0 %

Shares of NASDAQ CSWI opened at $360.81 on Tuesday. The company has a 50-day moving average of $397.07 and a 200 day moving average of $337.56. CSW Industrials has a 12-month low of $200.50 and a 12-month high of $436.50. The stock has a market cap of $6.07 billion, a PE ratio of 49.02 and a beta of 0.81.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total value of $393,340.00. Following the transaction, the chief executive officer now directly owns 51,698 shares in the company, valued at approximately $20,334,891.32. This represents a 1.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Don Sullivan sold 1,965 shares of CSW Industrials stock in a transaction that occurred on Monday, December 16th. The shares were 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 owns 30,804 shares of the company’s stock, valued at $11,925,768.60. This trade represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,381 shares of company stock valued at $2,496,864 over the last quarter. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake 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 valued at $26,000 after buying an additional 36 shares in the last quarter. National Bank of Canada FI purchased a new position in CSW Industrials during the 3rd quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new position in CSW Industrials during the 3rd quarter valued at about $30,000. Peterson Financial Group Inc. purchased a new stake in CSW Industrials during the third quarter worth about $72,000. Finally, Nisa Investment Advisors LLC increased its stake in CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 173 shares during the period. 82.79% of the stock is currently 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.