CSW Industrials, Inc. (NASDAQ:CSWI) SVP Sells $545,119.52 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson sold 1,522 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $358.16, for a total transaction of $545,119.52. Following the sale, the senior vice president now owns 15,634 shares of the company’s stock, valued at approximately $5,599,473.44. This represents a 8.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Luke Alverson also recently made the following trade(s):

• On Monday, December 16th, Luke Alverson sold 1,416 shares of CSW Industrials stock. The shares were sold at an average price of $387.15, for a total transaction of $548,204.40.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI opened at $385.34 on Friday. CSW Industrials, Inc. has a 1 year low of $203.83 and a 1 year high of $436.50. The stock’s 50-day simple moving average is $389.08 and its 200-day simple moving average is $351.48. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 52.36 and a beta of 0.85.

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.25%. CSW Industrials’s payout ratio is 13.04%.

Wall Street Analyst Weigh In

Several research analysts have commented on CSWI shares. The Goldman Sachs Group cut their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday. Wells Fargo & Company dropped their target price on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Finally, Citigroup lowered their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research report on Monday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $404.67.

Institutional Trading of CSW Industrials

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its stake in CSW Industrials by 71.7% during the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after acquiring an additional 255,849 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of CSW Industrials by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company’s stock valued at $211,420,000 after purchasing an additional 9,781 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 purchasing an additional 26,728 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of CSW Industrials during the second quarter worth about $65,595,000. Finally, Congress Asset Management Co. grew its stake in CSW Industrials by 3.8% in the third 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 and hedge funds 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.