Joseph B. Armes Sells 1,000 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $378.32, for a total value of $378,320.00. Following the completion of the transaction, the chief executive officer now owns 48,848 shares of the company’s stock, valued at $18,480,175.36. The trade was a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

CSW Industrials Price Performance

NASDAQ CSWI traded up $9.10 during mid-day trading on Wednesday, hitting $380.41. The company’s stock had a trading volume of 92,413 shares, compared to its average volume of 97,713. The firm has a market capitalization of $6.40 billion, a P/E ratio of 51.69 and a beta of 0.81. CSW Industrials, Inc. has a 52-week low of $203.83 and a 52-week high of $436.50. The stock’s fifty day simple moving average is $390.14 and its two-hundred day simple moving average is $351.03.

Analysts Set New Price Targets

Several research firms have commented on CSWI. Citigroup lowered their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday. Wells Fargo & Company dropped their price target on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Finally, The Goldman Sachs Group dropped their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CSW Industrials has an average rating of “Hold” and a consensus target price of $404.67.

Institutional Investors Weigh In On CSW Industrials

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 36 shares during the period. National Bank of Canada FI purchased a new position in CSW Industrials in the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new stake in CSW Industrials in the third quarter valued at approximately $30,000. Peterson Financial Group Inc. acquired a new position in shares of CSW Industrials during the third quarter worth $72,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of CSW Industrials by 508.8% in the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

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.