CSW Industrials (NASDAQ:CSWI) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of CSW Industrials (NASDAQ:CSWI) in a research report sent to investors on Monday morning, MarketBeat reports. The firm issued an equal weight rating and a $425.00 target price on the basic materials company’s stock.

A number of other analysts have also commented on CSWI. Citigroup raised CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

CSW Industrials Stock Performance

Shares of NASDAQ:CSWI opened at $417.23 on Monday. CSW Industrials has a 52-week low of $172.97 and a 52-week high of $436.50. The company has a market capitalization of $7.02 billion, a PE ratio of 56.69, a price-to-earnings-growth ratio of 3.46 and a beta of 0.78. The company has a fifty day moving average of $387.95 and a 200-day moving average of $322.42.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.23%. 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 13.04%.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total transaction of $393,340.00. Following the transaction, the chief executive officer now directly owns 51,698 shares in the company, valued at approximately $20,334,891.32. The trade was a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 3,000 shares of company stock valued at $1,139,500. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On CSW Industrials

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of CSW Industrials during the 3rd quarter worth $28,000. V Square Quantitative Management LLC purchased a new position in shares of CSW Industrials in the 3rd quarter worth about $30,000. Contravisory Investment Management Inc. grew its position in CSW Industrials by 48.1% during the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after buying an additional 38 shares during the period. Finally, Peterson Financial Group Inc. purchased a new stake in CSW Industrials during the third quarter worth about $72,000. 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.