Wells Fargo & Company Cuts CSW Industrials (NASDAQ:CSWI) Price Target to $410.00

CSW Industrials (NASDAQ:CSWI) had its price objective cut by Wells Fargo & Company from $425.00 to $410.00 in a report released on Tuesday,Benzinga reports. They currently have an equal weight rating on the basic materials company’s stock.

A number of other analysts also recently issued reports on CSWI. Citigroup raised CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Finally, The Goldman Sachs Group initiated coverage on CSW Industrials in a report on Friday, December 6th. They issued a “neutral” rating and a $450.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, CSW Industrials has a consensus rating of “Hold” and a consensus price target of $430.00.

CSW Industrials Trading Down 0.5 %

CSW Industrials stock opened at $358.90 on Tuesday. The company has a fifty day simple moving average of $396.77 and a 200 day simple moving average of $337.71. CSW Industrials has a 1-year low of $200.50 and a 1-year high of $436.50. The company has a market cap of $6.04 billion, a P/E ratio of 48.76 and a beta of 0.81.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Friday, October 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s payout ratio is 13.04%.

Insider Activity

In other CSW Industrials news, SVP Luke Alverson sold 1,416 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $548,204.40. Following the completion of the sale, the senior vice president now directly owns 17,156 shares in the company, valued at $6,641,945.40. This trade represents a 7.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Don Sullivan sold 1,965 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $387.15, for a total value of $760,749.75. Following the sale, the executive vice president now owns 30,804 shares of the company’s stock, valued at approximately $11,925,768.60. This represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,381 shares of company stock valued at $2,496,864 over the last three months. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

A number of large investors have recently made changes to their positions in the company. State Street Corp grew its holdings in CSW Industrials by 71.7% in the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after buying an additional 255,849 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of CSW Industrials by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company’s stock valued at $211,420,000 after acquiring an additional 9,781 shares in the last quarter. Geode Capital Management LLC increased its position in CSW Industrials by 7.4% during the third quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock worth $142,536,000 after acquiring an additional 26,728 shares during the period. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in CSW Industrials in the 2nd quarter worth about $65,595,000. Finally, Congress Asset Management Co. raised its stake in CSW Industrials by 3.8% in the 3rd quarter. Congress Asset Management Co. now owns 203,651 shares of the basic materials company’s stock worth $74,616,000 after purchasing an additional 7,405 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

About CSW Industrials

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.