CSW Industrials, Inc. (NASDAQ:CSWI) Director Sells $70,930.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) Director Robert M. Swartz sold 200 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value of $70,930.00. Following the sale, the director now directly owns 13,719 shares in the company, valued at $4,865,443.35. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

CSW Industrials Price Performance

Shares of CSWI stock opened at $358.11 on Friday. CSW Industrials, Inc. has a 1-year low of $200.50 and a 1-year high of $436.50. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 48.66 and a beta of 0.85. The stock has a 50 day simple moving average of $390.32 and a 200-day simple moving average of $345.19.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.27%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, October 25th. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Institutional Trading of CSW Industrials

A number of institutional investors and hedge funds have recently modified their holdings of CSWI. GAMMA Investing LLC lifted its stake in 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 buying an additional 36 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of CSW Industrials during the third quarter valued at approximately $28,000. V Square Quantitative Management LLC purchased a new position in shares of CSW Industrials in the third quarter valued at approximately $30,000. Peterson Financial Group Inc. acquired a new stake in shares of CSW Industrials in the third quarter worth approximately $72,000. Finally, Nisa Investment Advisors LLC increased its position in shares of CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on CSWI shares. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. The Goldman Sachs Group began coverage on shares of CSW Industrials in a research note on Friday, December 6th. They set a “neutral” rating and a $450.00 price objective on the stock. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company dropped their price target on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, CSW Industrials presently has an average rating of “Hold” and a consensus price target of $430.00.

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.