CSW Industrials (NASDAQ:CSWI) Coverage Initiated at Wells Fargo & Company

Stock analysts at Wells Fargo & Company began coverage on shares of CSW Industrials (NASDAQ:CSWI) in a note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage set an “equal weight” rating and a $425.00 price target on the basic materials company’s stock. Wells Fargo & Company‘s price target would suggest a potential downside of 0.39% from the company’s current price.

Several other equities analysts also recently weighed in on the company. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Citigroup raised shares of CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI opened at $426.66 on Monday. The company has a market cap of $7.18 billion, a P/E ratio of 57.97, a P/E/G ratio of 3.42 and a beta of 0.78. CSW Industrials has a 52-week low of $172.97 and a 52-week high of $428.46. The firm’s fifty day moving average is $382.05 and its two-hundred day moving average is $318.05.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total transaction of $393,340.00. Following the completion of the sale, the chief executive officer now owns 51,698 shares in the company, valued at $20,334,891.32. This trade represents a 1.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders sold 3,000 shares of company stock worth $1,139,500. Company insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its position in shares of CSW Industrials by 20,750.0% during the 1st quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock worth $196,000 after acquiring an additional 830 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of CSW Industrials by 39.1% during the first quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock worth $284,745,000 after buying an additional 340,904 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in shares of CSW Industrials by 272.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 7,344 shares of the basic materials company’s stock worth $1,720,000 after buying an additional 5,372 shares during the last quarter. Tidal Investments LLC increased its position in CSW Industrials by 15.0% in the 1st quarter. Tidal Investments LLC now owns 1,402 shares of the basic materials company’s stock valued at $329,000 after acquiring an additional 183 shares during the period. Finally, Comerica Bank raised its stake in CSW Industrials by 41.0% during the 1st quarter. Comerica Bank now owns 42,034 shares of the basic materials company’s stock valued at $9,861,000 after acquiring an additional 12,226 shares during the last quarter. 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.