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 the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the transaction, the chief executive officer now owns 49,698 shares of the company’s stock, valued at approximately $19,371,286.44. This represents a 1.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CSW Industrials Trading Down 2.4 %

CSWI stock opened at $379.74 on Wednesday. The stock has a 50-day moving average price of $397.24 and a two-hundred day moving average price of $336.52. CSW Industrials, Inc. has a 1 year low of $199.20 and a 1 year high of $436.50. The stock has a market cap of $6.39 billion, a PE ratio of 51.60 and a beta of 0.81.

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 issued a dividend of $0.24 per share. The ex-dividend date was Friday, October 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.25%. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Institutional Investors Weigh In On CSW Industrials

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of CSW Industrials by 105.9% during 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 CSW Industrials during the third quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in CSW Industrials during the third quarter worth $30,000. Peterson Financial Group Inc. bought a new position in CSW Industrials in the third quarter valued at $72,000. Finally, Nisa Investment Advisors LLC increased its stake in CSW Industrials by 508.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after buying an additional 173 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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