CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the sale, the chief executive officer now owns 49,698 shares in the company, valued at $19,371,286.44. This represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
CSW Industrials Trading Up 0.1 %
CSWI opened at $389.17 on Tuesday. The stock has a market capitalization of $6.54 billion, a P/E ratio of 52.88 and a beta of 0.81. CSW Industrials, Inc. has a 12 month low of $199.20 and a 12 month high of $436.50. The firm's fifty day simple moving average is $396.90 and its 200 day simple moving average is $335.58.
CSW Industrials Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.25%. This is a positive change from CSW Industrials's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, October 25th. CSW Industrials's payout ratio is 13.04%.
Analyst Ratings Changes
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Several equities research analysts have weighed in on the stock. StockNews.com upgraded shares of CSW Industrials from a "hold" rating to a "buy" rating in a report on Friday, December 6th. Wells Fargo & Company initiated coverage on CSW Industrials in a research note on Monday, November 25th. They set an "equal weight" rating and a $425.00 price objective on the stock. The Goldman Sachs Group began coverage on CSW Industrials in a research note on Friday, December 6th. They issued a "neutral" rating and a $450.00 target price for the company. Finally, Citigroup upgraded CSW Industrials to a "hold" rating in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $437.50.
View Our Latest Stock Report on CSW Industrials
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of CSWI. State Street Corp lifted its stake in CSW Industrials by 71.7% in the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company's stock valued at $224,486,000 after acquiring an additional 255,849 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of CSW Industrials by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company's stock valued at $211,420,000 after purchasing an additional 9,781 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of CSW Industrials by 7.4% in the third 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. Kayne Anderson Rudnick Investment Management LLC acquired a new position in CSW Industrials during the second quarter worth $65,595,000. Finally, Congress Asset Management Co. boosted its holdings in CSW Industrials by 3.8% during the third quarter. Congress Asset Management Co. now owns 203,651 shares of the basic materials company's stock worth $74,616,000 after purchasing an additional 7,405 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors.
CSW Industrials Company Profile
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Get Free Report)
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.
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