CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells $378,320.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $378.32, for a total transaction of $378,320.00. Following the sale, the chief executive officer now directly owns 48,848 shares in the company, valued at approximately $18,480,175.36. This trade represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

CSW Industrials Trading Up 2.5 %

Shares of NASDAQ:CSWI opened at $380.41 on Thursday. The company has a 50 day moving average of $389.68 and a 200 day moving average of $351.24. The stock has a market cap of $6.40 billion, a P/E ratio of 51.69 and a beta of 0.81. CSW Industrials, Inc. has a 12 month low of $203.83 and a 12 month high of $436.50.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CSWI. The Goldman Sachs Group lowered their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday. Citigroup dropped their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday. Wells Fargo & Company cut their price target 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 upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $404.67.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Anchor Investment Management LLC raised its position in shares of CSW Industrials by 2.5% in the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock worth $472,000 after buying an additional 32 shares in the last quarter. Hsbc Holdings PLC grew its position in CSW Industrials by 2.0% during the second quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock worth $461,000 after buying an additional 34 shares in the last quarter. Xponance Inc. increased its stake in CSW Industrials by 3.7% in the 2nd quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock worth $259,000 after acquiring an additional 35 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of CSW Industrials by 105.9% in the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 36 shares in the last quarter. Finally, Morse Asset Management Inc boosted its position in shares of CSW Industrials by 2.3% during the 3rd 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 last quarter. 82.79% of the stock is 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.