CSW Industrials (NASDAQ:CSWI) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of CSW Industrials (NASDAQ:CSWI) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

Several other research analysts have also recently commented on CSWI. Wells Fargo & Company began coverage on CSW Industrials in a research note on Monday. They issued an “equal weight” rating and a $425.00 price target on the stock. Citigroup upgraded CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th.

CSW Industrials Price Performance

CSW Industrials stock opened at $417.23 on Wednesday. CSW Industrials has a 12-month low of $172.97 and a 12-month high of $436.50. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 56.69, a price-to-earnings-growth ratio of 3.46 and a beta of 0.78. The firm’s fifty day moving average price is $385.50 and its 200 day moving average price is $321.09.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Friday, October 25th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s dividend payout ratio (DPR) is 13.04%.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total value of $393,340.00. Following the completion of the transaction, the chief executive officer now owns 51,698 shares in the company, valued at approximately $20,334,891.32. This trade represents a 1.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 3,000 shares of company stock worth $1,139,500 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CSWI. GAMMA Investing LLC grew its position in shares of CSW Industrials by 105.9% in the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 36 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of CSW Industrials in the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new position in shares of CSW Industrials in the 3rd quarter worth approximately $30,000. Contravisory Investment Management Inc. lifted its holdings in shares of CSW Industrials by 48.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 38 shares during the last quarter. Finally, Peterson Financial Group Inc. bought a new stake in shares of CSW Industrials in the 3rd quarter worth approximately $72,000. Institutional investors and hedge funds 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.