CSW Industrials (NYSE:CSW) Sets New 52-Week Low Following Analyst Downgrade

Key Points

• CSW Industrials' stock has reached a new 52-week low of $238.10 following an analyst downgrade by Zacks Research from a strong-buy to a hold rating.
• Numerous research firms have adjusted their price targets for CSW Industrials, with the consensus target now at $302.40 and an average rating of "Hold" among analysts.
• Insider trading activity has been noted, with executives selling a total of 5,412 shares of company stock in the past three months, indicating a decrease in their ownership stakes.

Shares of CSW Industrials, Inc. (NYSE:CSW - Get Free Report) reached a new 52-week low during trading on Friday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The company traded as low as $238.10 and last traded at $241.80, with a volume of 17942 shares changing hands. The stock had previously closed at $239.79.

A number of other research firms also recently commented on CSW. Truist Financial increased their price objective on CSW Industrials from $273.00 to $276.00 and gave the stock a "hold" rating in a report on Wednesday. Weiss Ratings restated a "hold (c)" rating on shares of CSW Industrials in a report on Saturday, September 27th. JPMorgan Chase & Co. dropped their price objective on CSW Industrials from $320.00 to $290.00 and set a "neutral" rating on the stock in a report on Friday, October 3rd. Citigroup dropped their price objective on CSW Industrials from $269.00 to $261.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Wells Fargo & Company lowered their price target on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Seven research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $302.40.

Insider Activity at CSW Industrials

In other news, EVP James E. Perry sold 145 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $275.05, for a total value of $39,882.25. Following the sale, the executive vice president owned 25,178 shares in the company, valued at approximately $6,925,208.90. This trade represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Don Sullivan sold 1,067 shares of CSW Industrials stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $283.14, for a total transaction of $302,110.38. Following the sale, the executive vice president owned 22,641 shares in the company, valued at $6,410,572.74. This represents a 4.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,412 shares of company stock worth $1,497,397. Insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On CSW Industrials

Institutional investors have recently bought and sold shares of the business. Matrix Trust Co boosted its stake in CSW Industrials by 91.1% during the second quarter. Matrix Trust Co now owns 86 shares of the basic materials company's stock worth $25,000 after buying an additional 41 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in CSW Industrials by 517.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock worth $31,000 after buying an additional 88 shares in the last quarter. Whittier Trust Co. acquired a new stake in CSW Industrials during the first quarter worth $59,000. Harbor Investment Advisory LLC lifted its holdings in shares of CSW Industrials by 27.3% during the second quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company's stock valued at $79,000 after acquiring an additional 59 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of CSW Industrials by 117.6% during the first quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock valued at $86,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 82.79% of the company's stock.

CSW Industrials Stock Performance

The company has a market capitalization of $4.06 billion, a P/E ratio of 29.01 and a beta of 0.92. The stock has a fifty day simple moving average of $257.46 and a 200-day simple moving average of $286.00. The company has a quick ratio of 1.48, a current ratio of 2.86 and a debt-to-equity ratio of 0.09.

CSW Industrials (NYSE:CSW - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.62 by $0.23. The company 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 13.78% and a net margin of 15.18%. Equities analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.