Joseph B. Armes Sells 1,000 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Friday, November 15th. The shares were sold at an average price of $404.79, for a total value of $404,790.00. Following the completion of the transaction, the chief executive officer now owns 50,698 shares of the company’s stock, valued at approximately $20,522,043.42. The trade was a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CSW Industrials Stock Performance

NASDAQ CSWI opened at $403.98 on Friday. The stock has a market capitalization of $6.79 billion, a P/E ratio of 54.89, a price-to-earnings-growth ratio of 3.32 and a beta of 0.78. CSW Industrials, Inc. has a 52 week low of $167.81 and a 52 week high of $428.46. The stock has a fifty day moving average of $372.75 and a 200-day moving average of $311.54.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.24%. 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 dividend payout ratio (DPR) is presently 13.04%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup raised shares of CSW Industrials to a “hold” rating in a research note on Wednesday.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CSWI. Hsbc Holdings PLC lifted its holdings in CSW Industrials by 2.0% in the second quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock valued at $461,000 after buying an additional 34 shares during the period. Xponance Inc. lifted its stake in shares of 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 purchasing an additional 35 shares during the period. GAMMA Investing LLC boosted 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 purchasing an additional 36 shares during the last quarter. Morse Asset Management Inc grew its stake in shares of CSW Industrials by 2.3% during the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock worth $594,000 after purchasing an additional 36 shares during the period. Finally, Contravisory Investment Management Inc. increased its holdings in CSW Industrials by 48.1% in the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 38 shares during the last quarter. Institutional investors 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.