CSW Industrials (NASDAQ:CSWI) Raised to Hold at Citigroup

CSW Industrials (NASDAQ:CSWI) was upgraded by investment analysts at Citigroup to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Thursday.

CSW Industrials Trading Down 0.4 %

CSWI stock traded down $1.79 on Wednesday, hitting $406.00. 14,273 shares of the company’s stock traded hands, compared to its average volume of 128,087. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 55.41, a P/E/G ratio of 3.32 and a beta of 0.78. CSW Industrials has a 1-year low of $167.81 and a 1-year high of $428.46. The stock has a fifty day moving average of $368.05 and a 200-day moving average of $309.72.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total value of $393,340.00. Following the sale, the chief executive officer now owns 51,698 shares of the company’s stock, valued at $20,334,891.32. The trade was a 1.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

Large investors have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co increased its holdings in CSW Industrials by 272.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 7,344 shares of the basic materials company’s stock valued at $1,720,000 after purchasing an additional 5,372 shares in the last quarter. Capital World Investors lifted its position in CSW Industrials by 956.8% during the 1st quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock worth $88,344,000 after buying an additional 340,939 shares in the last quarter. Vanguard Group Inc. increased its position in CSW Industrials by 39.1% in the 1st quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock valued at $284,745,000 after acquiring an additional 340,904 shares in the last quarter. Daymark Wealth Partners LLC bought a new position in shares of CSW Industrials in the second quarter worth about $478,000. Finally, Oppenheimer Asset Management Inc. boosted its position in CSW Industrials by 49.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,376 shares of the basic materials company’s stock valued at $3,018,000 after buying an additional 3,769 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors.

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.