The Goldman Sachs Group Lowers CSW Industrials (NASDAQ:CSWI) Price Target to $400.00

CSW Industrials (NASDAQ:CSWI) had its price target reduced by investment analysts at The Goldman Sachs Group from $450.00 to $400.00 in a research report issued to clients and investors 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 9.34% from the stock’s current price.

A number of other research analysts have also recently issued reports on CSWI. Citigroup reduced their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday. Wells Fargo & Company decreased their price objective on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Finally, StockNews.com raised 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 company. Based on data from MarketBeat.com, CSW Industrials presently has a consensus rating of “Hold” and a consensus price target of $404.67.

CSW Industrials Price Performance

CSWI stock opened at $365.84 on Tuesday. The company’s 50-day moving average is $390.29 and its 200-day moving average is $350.29. The stock has a market capitalization of $6.15 billion, a PE ratio of 49.71 and a beta of 0.85. CSW Industrials has a 1 year low of $203.83 and a 1 year high of $436.50.

Insider Transactions at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value of $70,930.00. Following the completion of the transaction, the director now directly owns 13,719 shares of the company’s stock, valued at $4,865,443.35. This trade represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Don Sullivan sold 1,965 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $760,749.75. Following the sale, the executive vice president now owns 30,804 shares in the company, valued at approximately $11,925,768.60. This represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,581 shares of company stock worth $2,174,454 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp raised its position in CSW Industrials by 71.7% during the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after purchasing an additional 255,849 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of CSW Industrials by 1.7% during the 3rd 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 in the last quarter. Geode Capital Management LLC lifted its position in CSW Industrials by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock worth $142,536,000 after buying an additional 26,728 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in CSW Industrials in the 2nd quarter worth approximately $65,595,000. Finally, Congress Asset Management Co. boosted its stake in CSW Industrials by 3.8% in the third quarter. Congress Asset Management Co. now owns 203,651 shares of the basic materials company’s stock worth $74,616,000 after buying an additional 7,405 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

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.