CSW Industrials, Inc. (NASDAQ:CSWI) Director Sells 200 Shares

CSW Industrials, Inc. (NASDAQ:CSWI) Director Robert M. Swartz sold 200 shares of the firm’s 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 completion of the transaction, the director now directly owns 13,719 shares in the company, valued at $4,865,443.35. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CSW Industrials Stock Performance

Shares of CSWI traded down $1.28 during mid-day trading on Thursday, reaching $351.52. The stock had a trading volume of 48,175 shares, compared to its average volume of 124,285. The business has a fifty day moving average of $390.77 and a 200 day moving average of $344.50. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 47.76 and a beta of 0.81. CSW Industrials, Inc. has a 12 month low of $200.50 and a 12 month high of $436.50.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were given a dividend of $0.24 per share. 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.27%. CSW Industrials’s dividend payout ratio is currently 13.04%.

Hedge Funds Weigh In On CSW Industrials

Institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in shares of CSW Industrials by 1,046.2% during the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock valued at $31,140,000 after buying an additional 77,576 shares during the last quarter. Franklin Resources Inc. boosted its holdings in CSW Industrials by 2,006.7% during the 3rd quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company’s stock valued at $22,702,000 after acquiring an additional 54,882 shares during the period. Tidal Investments LLC grew its position in CSW Industrials by 142.7% in the 3rd quarter. Tidal Investments LLC now owns 3,526 shares of the basic materials company’s stock valued at $1,292,000 after acquiring an additional 2,073 shares during the last quarter. Sanctuary Advisors LLC increased its stake in CSW Industrials by 58.5% in the third quarter. Sanctuary Advisors LLC now owns 3,768 shares of the basic materials company’s stock worth $1,381,000 after purchasing an additional 1,390 shares during the period. Finally, Anchor Investment Management LLC lifted its position in shares of CSW Industrials by 2.5% during the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 32 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

CSWI has been the topic of a number of research reports. StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Citigroup raised shares of CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th. Wells Fargo & Company decreased their target price on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group initiated coverage on CSW Industrials in a report on Friday, December 6th. They set a “neutral” rating and a $450.00 price target for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $430.00.

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.