CSW Industrials (NASDAQ:CSWI) Now Covered by Truist Financial

Equities researchers at Truist Financial initiated coverage on shares of CSW Industrials (NASDAQ:CSWI) in a note issued to investors on Friday,Briefing.com Automated Import reports. The brokerage set a “hold” rating and a $362.00 price target on the basic materials company’s stock. Truist Financial’s target price would suggest a potential upside of 14.05% from the company’s previous close.

Several other research firms have also recently weighed in on CSWI. Citigroup lowered their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. The Goldman Sachs Group lowered their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company reduced their price target on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $379.00.

CSW Industrials Stock Up 0.8 %

Shares of NASDAQ CSWI opened at $317.41 on Friday. CSW Industrials has a fifty-two week low of $221.10 and a fifty-two week high of $436.50. The firm’s 50-day simple moving average is $362.71 and its 200 day simple moving average is $360.72. The stock has a market cap of $5.33 billion, a P/E ratio of 37.92 and a beta of 0.84.

CSW Industrials (NASDAQ:CSWI) last released its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. On average, sell-side analysts anticipate that CSW Industrials will post 8.59 earnings per share for the current fiscal year.

Insider Transactions at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $321.78, for a total transaction of $64,356.00. Following the sale, the director now directly owns 13,519 shares in the company, valued at approximately $4,350,143.82. The trade was a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Luke Alverson sold 1,416 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $548,204.40. Following the completion of the sale, the senior vice president now owns 17,156 shares in the company, valued at $6,641,945.40. This trade represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,103 shares of company stock worth $3,437,104 over the last three months. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CSW Industrials

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in CSW Industrials by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company’s stock valued at $653,638,000 after buying an additional 29,488 shares during the period. State Street Corp lifted its stake in 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 buying an additional 255,849 shares during the period. Conestoga Capital Advisors LLC lifted its stake in CSW Industrials by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company’s stock valued at $211,420,000 after buying an additional 9,781 shares during the period. Geode Capital Management LLC lifted its stake in CSW Industrials by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company’s stock valued at $138,983,000 after buying an additional 4,899 shares during the period. Finally, Congress Asset Management Co. lifted its stake in CSW Industrials by 1.2% in the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company’s stock valued at $72,745,000 after buying an additional 2,544 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

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.