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

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

CSWI has been the topic of a number of other research reports. Wells Fargo & Company assumed coverage on CSW Industrials in a report on Monday. They issued an “equal weight” rating and a $425.00 target price on the stock. Citigroup raised CSW Industrials to a “hold” rating in a report on Wednesday, November 13th.

CSW Industrials Price Performance

Shares of NASDAQ:CSWI traded down $6.35 during trading on Wednesday, reaching $417.23. The company had a trading volume of 75,377 shares, compared to its average volume of 127,307. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 56.69, a price-to-earnings-growth ratio of 3.46 and a beta of 0.78. The stock’s fifty day moving average price is $385.50 and its 200 day moving average price is $321.09. CSW Industrials has a fifty-two week low of $172.97 and a fifty-two week high of $436.50.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $404.79, for a total value of $404,790.00. Following the sale, the chief executive officer now owns 50,698 shares of the company’s stock, valued at approximately $20,522,043.42. This represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 3,000 shares of company stock valued at $1,139,500. Insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

Several large investors have recently bought and sold shares of the company. State Street Corp lifted its position in shares of CSW Industrials by 71.7% in the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after acquiring an additional 255,849 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of CSW Industrials in the second quarter valued at $65,595,000. Principal Financial Group Inc. lifted its position in shares of CSW Industrials by 1,046.2% in the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock valued at $31,140,000 after acquiring an additional 77,576 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of CSW Industrials in the third quarter valued at $25,589,000. Finally, Franklin Resources Inc. lifted its position in shares of CSW Industrials by 2,006.7% in the third quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company’s stock valued at $22,702,000 after acquiring an additional 54,882 shares in the last quarter. Institutional investors and hedge funds 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.