The Goldman Sachs Group Has Lowered Expectations for CSW Industrials (NASDAQ:CSWI) Stock Price

CSW Industrials (NASDAQ:CSWI) had its price objective reduced by The Goldman Sachs Group from $450.00 to $400.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the basic materials company’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 5.15% from the company’s previous close.

Several other equities analysts have also commented on the company. Wells Fargo & Company reduced their price target on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Citigroup reduced their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, CSW Industrials currently has a consensus rating of “Hold” and a consensus price target of $404.67.

CSW Industrials Price Performance

NASDAQ:CSWI opened at $380.41 on Tuesday. The business’s 50-day moving average is $389.68 and its two-hundred day moving average is $351.24. The firm has a market capitalization of $6.40 billion, a PE ratio of 51.69 and a beta of 0.81. CSW Industrials has a 12 month low of $203.83 and a 12 month high of $436.50.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, SVP Luke Alverson sold 1,416 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $548,204.40. Following the completion of the transaction, the senior vice president now directly owns 17,156 shares of the company’s stock, valued at $6,641,945.40. This trade represents a 7.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the completion of the sale, the director now owns 13,719 shares in the company, valued at approximately $4,865,443.35. This trade represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,903 shares of company stock valued at $3,777,538 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in CSW Industrials by 105.9% during 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 acquired a new stake in shares of CSW Industrials during the 3rd quarter valued at approximately $28,000. V Square Quantitative Management LLC bought a new position in CSW Industrials during the third quarter worth $30,000. Peterson Financial Group Inc. bought a new position in CSW Industrials during the third quarter worth $72,000. Finally, Nisa Investment Advisors LLC boosted its holdings in CSW Industrials by 508.8% in 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.

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.