CSW Industrials (NASDAQ:CSWI) Stock Price Down 3.7% – Here’s Why

CSW Industrials, Inc. (NASDAQ:CSWI) was down 3.7% during mid-day trading on Friday . The stock traded as low as $367.20 and last traded at $366.78. Approximately 34,666 shares changed hands during trading, a decline of 62% from the average daily volume of 90,840 shares. The stock had previously closed at $380.99.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CSWI. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Citigroup decreased their price target on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group lowered their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, Wells Fargo & Company cut their target price on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $404.67.

CSW Industrials Trading Down 3.3 %

The firm’s 50-day simple moving average is $386.89 and its two-hundred day simple moving average is $355.51. The stock has a market capitalization of $6.19 billion, a PE ratio of 50.05 and a beta of 0.85.

CSW Industrials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is currently 13.04%.

Insider Buying and Selling

In other news, EVP Don Sullivan sold 1,965 shares of CSW Industrials stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $760,749.75. Following the transaction, the executive vice president now owns 30,804 shares of the company’s stock, valued at $11,925,768.60. This trade represents a 6.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total transaction of $70,930.00. Following the sale, the director now directly owns 13,719 shares of the company’s stock, valued at approximately $4,865,443.35. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,903 shares of company stock worth $3,777,538. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

A number of hedge funds have recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC acquired a new position in CSW Industrials during the 2nd quarter valued at $343,000. Hsbc Holdings PLC raised its holdings in CSW Industrials by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 34 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of CSW Industrials in the second quarter valued at $229,000. Sei Investments Co. boosted its stake in CSW Industrials by 7.0% during the second quarter. Sei Investments Co. now owns 55,903 shares of the basic materials company’s stock worth $14,832,000 after buying an additional 3,654 shares in the last quarter. Finally, Xponance Inc. increased its holdings in CSW Industrials by 3.7% in the 2nd quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock valued at $259,000 after buying an additional 35 shares during the period. 82.79% of the stock is currently owned by institutional investors.

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.