Wells Fargo & Company Lowers CSW Industrials (NASDAQ:CSWI) Price Target to $295.00

CSW Industrials (NASDAQ:CSWI - Get Free Report) had its price target lowered by analysts at Wells Fargo & Company from $350.00 to $295.00 in a report issued on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the basic materials company's stock. Wells Fargo & Company's price target points to a potential downside of 1.15% from the company's previous close.

Several other equities analysts also recently issued reports on CSWI. StockNews.com downgraded shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. The Goldman Sachs Group lowered their price objective on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Citigroup reduced their target price on CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Finally, Truist Financial began coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a "hold" rating and a $362.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $342.50.

CSW Industrials Stock Up 1.0 %

Shares of CSWI traded up $3.07 on Monday, reaching $298.43. The stock had a trading volume of 68,468 shares, compared to its average volume of 134,869. CSW Industrials has a twelve month low of $231.09 and a twelve month high of $436.50. The firm has a market capitalization of $5.01 billion, a PE ratio of 35.65 and a beta of 0.88. The firm has a 50-day moving average of $295.74 and a 200 day moving average of $350.01.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates 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, sell-side analysts anticipate that CSW Industrials will post 8.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Luke Alverson sold 1,100 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $321,332.00. Following the completion of the sale, the senior vice president now owns 13,434 shares in the company, valued at approximately $3,924,340.08. This trade represents a 7.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Don Sullivan sold 2,222 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $292.12, for a total value of $649,090.64. Following the sale, the executive vice president now owns 24,853 shares in the company, valued at approximately $7,260,058.36. The trade was a 8.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,631 shares of company stock valued at $2,551,912. Company insiders own 1.40% of the company's stock.

Institutional Trading of CSW Industrials

Hedge funds have recently made changes to their positions in the company. Proficio Capital Partners LLC increased its position in shares of CSW Industrials by 35,553.3% during the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock worth $71,320,000 after acquiring an additional 201,587 shares during the last quarter. Norges Bank acquired a new position in CSW Industrials in the fourth quarter worth $59,250,000. Riverbridge Partners LLC bought a new position in shares of CSW Industrials in the 4th quarter worth about $42,202,000. GAMMA Investing LLC boosted its holdings in shares of CSW Industrials by 63,348.5% in the 1st quarter. GAMMA Investing LLC now owns 86,290 shares of the basic materials company's stock valued at $25,155,000 after buying an additional 86,154 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of CSW Industrials by 1,046.2% during the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company's stock valued at $31,140,000 after buying an additional 77,576 shares during the last quarter. Hedge funds and other 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.