CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Heritage Family Offices LLP

Heritage Family Offices LLP cut its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 26.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 709 shares of the basic materials company’s stock after selling 249 shares during the period. Heritage Family Offices LLP’s holdings in CSW Industrials were worth $250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CSWI. Envestnet Asset Management Inc. grew its holdings in CSW Industrials by 90.0% in the second quarter. Envestnet Asset Management Inc. now owns 52,357 shares of the basic materials company’s stock valued at $13,891,000 after purchasing an additional 24,802 shares during the period. Edgestream Partners L.P. purchased a new position in shares of CSW Industrials during the 2nd quarter valued at approximately $716,000. Vanguard Personalized Indexing Management LLC purchased a new stake in CSW Industrials in the 2nd quarter worth $343,000. Hsbc Holdings PLC raised its position in CSW Industrials by 2.0% during the second quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock worth $461,000 after acquiring an additional 34 shares during the period. Finally, XTX Topco Ltd acquired a new position in CSW Industrials during the second quarter worth $229,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Insider Buying and Selling

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the sale, the chief executive officer now directly owns 49,698 shares in the company, valued at approximately $19,371,286.44. This trade represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Don Sullivan sold 1,965 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $760,749.75. Following the sale, the executive vice president now owns 30,804 shares of the company’s stock, valued at $11,925,768.60. This represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,903 shares of company stock worth $3,777,538. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CSWI. The Goldman Sachs Group cut their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Citigroup lowered their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company reduced their price objective on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $404.67.

CSW Industrials Price Performance

Shares of CSW Industrials stock opened at $380.41 on Thursday. The stock’s 50 day simple moving average is $389.68 and its 200-day simple moving average is $351.24. The stock has a market cap of $6.40 billion, a P/E ratio of 51.69 and a beta of 0.85. CSW Industrials, Inc. has a 1-year low of $203.83 and a 1-year high of $436.50.

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.