CSW Industrials (NASDAQ:CSWI) Raised to “Buy” at StockNews.com

CSW Industrials (NASDAQ:CSWI) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Other equities research analysts have also issued reports about the company. Citigroup upgraded CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. Wells Fargo & Company started coverage on shares of CSW Industrials in a research report on Monday. They set an “equal weight” rating and a $425.00 price objective on the stock.

CSW Industrials Stock Down 1.5 %

CSW Industrials stock opened at $417.23 on Wednesday. CSW Industrials has a 12 month low of $172.97 and a 12 month high of $436.50. The company’s fifty day simple moving average is $387.95 and its 200-day simple moving average is $322.42. The stock has a market cap of $7.02 billion, a P/E ratio of 56.69, a P/E/G ratio of 3.46 and a beta of 0.78.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $404.79, for a total value of $404,790.00. Following the completion of the sale, the chief executive officer now directly owns 50,698 shares in the company, valued at approximately $20,522,043.42. The trade was a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 3,000 shares of company stock worth $1,139,500 over the last three months. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CSWI. Anchor Investment Management LLC boosted its holdings in CSW Industrials by 2.5% during the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock valued at $472,000 after acquiring an additional 32 shares during the period. Hsbc Holdings PLC boosted its position in shares of CSW Industrials by 2.0% in the second quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 34 shares during the period. Xponance Inc. lifted its stake in shares of CSW Industrials by 3.7% in the second quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock valued at $259,000 after buying an additional 35 shares during the period. GAMMA Investing LLC grew its position in CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after buying an additional 36 shares in the last quarter. Finally, Morse Asset Management Inc increased its stake in CSW Industrials by 2.3% during the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock valued at $594,000 after acquiring an additional 36 shares during the period. 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.