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

CSW Industrials (NASDAQ:CSWI) had its target price decreased by The Goldman Sachs Group from $450.00 to $400.00 in a research note released on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the basic materials company’s stock.

CSWI has been the subject of several other research reports. Wells Fargo & Company decreased their price target on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Citigroup reduced their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday. Finally, StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $404.67.

CSW Industrials Stock Up 1.3 %

NASDAQ CSWI opened at $385.34 on Tuesday. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 52.36 and a beta of 0.85. CSW Industrials has a twelve month low of $203.83 and a twelve month high of $436.50. The stock has a fifty day simple moving average of $389.08 and a 200 day simple moving average of $351.48.

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.25%. CSW Industrials’s dividend payout ratio is 13.04%.

Insider Activity at CSW Industrials

In other news, SVP Luke Alverson sold 1,416 shares of CSW Industrials 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. The trade was a 7.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $404.79, for a total transaction of $404,790.00. Following the transaction, the chief executive officer now directly owns 50,698 shares in the company, valued at approximately $20,522,043.42. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,903 shares of company stock worth $3,777,538 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Several hedge funds and other institutional investors have recently bought and sold shares of CSWI. Geode Capital Management LLC boosted its position in shares of CSW Industrials by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock worth $142,536,000 after purchasing an additional 26,728 shares in the last quarter. Mutual of America Capital Management LLC acquired a new position in CSW Industrials during the 3rd quarter worth approximately $916,000. Charles Schwab Investment Management Inc. boosted its holdings in CSW Industrials by 13.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock worth $61,689,000 after acquiring an additional 19,659 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in CSW Industrials by 40.3% in the third quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock valued at $10,414,000 after acquiring an additional 8,161 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of CSW Industrials by 8.5% during the third quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock valued at $3,482,000 after acquiring an additional 744 shares in 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.