The Goldman Sachs Group Issues Pessimistic Forecast for CSW Industrials (NASDAQ:CSWI) Stock Price

CSW Industrials (NASDAQ:CSWI) had its target price reduced by The Goldman Sachs Group from $450.00 to $400.00 in a report released on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the basic materials company’s stock.

A number of other research analysts have also weighed in on the company. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company cut their price objective on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Finally, Citigroup lowered their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, CSW Industrials has a consensus rating of “Hold” and an average price target of $404.67.

CSW Industrials Price Performance

CSWI opened at $385.34 on Tuesday. The firm has a market capitalization of $6.48 billion, a PE ratio of 52.36 and a beta of 0.85. CSW Industrials has a fifty-two week low of $203.83 and a fifty-two week high of $436.50. The company’s 50-day moving average is $389.08 and its 200 day moving average is $351.48.

CSW Industrials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.25%. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Insider Activity

In other news, EVP Don Sullivan sold 1,965 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $760,749.75. Following the completion of the transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $404.79, for a total transaction 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. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,903 shares of company stock valued at $3,777,538 in the last ninety days. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CSW Industrials

Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of CSW Industrials by 105.9% during the 3rd 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 during the last quarter. National Bank of Canada FI bought a new stake in CSW Industrials in the 3rd quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in CSW Industrials in the 3rd quarter valued at about $30,000. Peterson Financial Group Inc. purchased a new stake in CSW Industrials during the third quarter valued at about $72,000. Finally, Nisa Investment Advisors LLC boosted its position in CSW Industrials by 508.8% during 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 owned by institutional investors.

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.