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

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

CSW Industrials Trading Up 4.0 %

Shares of CSW Industrials stock traded up $14.60 during trading hours on Tuesday, reaching $378.75. 92,984 shares of the company’s stock were exchanged, compared to its average volume of 129,243. CSW Industrials has a fifty-two week low of $167.27 and a fifty-two week high of $398.80. The stock has a market cap of $6.37 billion, a P/E ratio of 51.46, a P/E/G ratio of 2.87 and a beta of 0.78. The company has a 50 day moving average of $357.39 and a two-hundred day moving average of $302.71.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $341.37, for a total transaction of $341,370.00. Following the transaction, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

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

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.