CSW Industrials (NYSE:CSW) Price Target Cut to $285.00 by Analysts at Wells Fargo & Company

Key Points

• Wells Fargo & Company has lowered its price target on CSW Industrials from $305.00 to $285.00, maintaining an "equal weight" rating, suggesting a potential upside of 14.74% from the previous close.
• Citigroup raised its price target on the company to $321.00 with a "neutral" rating, while the stock currently has a consensus hold rating and an average price target of $342.00.
• CSW Industrials recently reported earnings per share of $2.85 for the quarter, exceeding the consensus estimate, although revenues fell short of expectations at $263.65 million.

CSW Industrials (NYSE:CSW - Get Free Report) had its price objective cut by stock analysts at Wells Fargo & Company from $305.00 to $285.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the basic materials company's stock. Wells Fargo & Company's price objective indicates a potential upside of 14.74% from the company's previous close.

Separately, Citigroup upped their price target on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $342.00.

CSW Industrials Stock Performance

NYSE:CSW traded down $11.10 on Friday, hitting $248.38. 45,747 shares of the stock were exchanged, compared to its average volume of 119,744. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 29.53 and a beta of 0.88. CSW Industrials has a 52 week low of $247.14 and a 52 week high of $436.50. The company's 50-day moving average price is $299.39 and its 200 day moving average price is $308.84.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.23. The firm had revenue of $263.65 million during the quarter, compared to analysts' expectations of $278.27 million. CSW Industrials had a return on equity of 14.46% and a net margin of 15.56%. As a group, equities research analysts predict that CSW Industrials will post 8.49 earnings per share for the current year.

Insider Activity at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $301.38, for a total transaction of $60,276.00. Following the transaction, the director owned 12,719 shares of the company's stock, valued at $3,833,252.22. The trade was a 1.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph B. Armes sold 1,000 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $294.92, for a total value of $294,920.00. Following the completion of the transaction, the chief executive officer directly owned 63,522 shares in the company, valued at approximately $18,733,908.24. This represents a 1.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,764 shares of company stock valued at $1,789,481 over the last 90 days. Corporate insiders own 1.30% of the company's stock.

Institutional Trading of CSW Industrials

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its stake in CSW Industrials by 4.7% in the 4th quarter. American Century Companies Inc. now owns 5,177 shares of the basic materials company's stock worth $1,826,000 after acquiring an additional 233 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of CSW Industrials by 7.3% in the 4th quarter. LPL Financial LLC now owns 13,045 shares of the basic materials company's stock worth $4,602,000 after purchasing an additional 888 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of CSW Industrials by 13.9% in the 4th quarter. JPMorgan Chase & Co. now owns 71,714 shares of the basic materials company's stock worth $25,301,000 after purchasing an additional 8,745 shares in the last quarter. Norges Bank purchased a new stake in CSW Industrials during the 4th quarter valued at about $59,250,000. Finally, Pictet Asset Management Holding SA boosted its holdings in CSW Industrials by 21.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,384 shares of the basic materials company's stock valued at $841,000 after acquiring an additional 426 shares during the period. 82.79% of the stock is currently owned by institutional investors.

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.

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