CSW Industrials (NASDAQ:CSWI) Upgraded to Hold at Citigroup

Citigroup upgraded shares of CSW Industrials (NASDAQ:CSWI) to a hold rating in a research note released on Wednesday,Zacks.com reports.

Separately, StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research report on Thursday.

CSW Industrials Trading Down 0.4 %

CSWI stock traded down $1.79 during trading on Wednesday, hitting $406.00. The company had a trading volume of 14,273 shares, compared to its average volume of 128,087. CSW Industrials has a fifty-two week low of $167.81 and a fifty-two week high of $428.46. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 55.41, a P/E/G ratio of 3.32 and a beta of 0.78. The business has a 50 day moving average of $368.05 and a 200 day moving average of $309.72.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were issued a $0.24 dividend. This is a boost 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 0.24%. The ex-dividend date was Friday, October 25th. CSW Industrials’s dividend payout ratio is presently 13.04%.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total value of $393,340.00. Following the sale, the chief executive officer now owns 51,698 shares in the company, valued at $20,334,891.32. This represents a 1.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CSW Industrials

Institutional investors have recently bought and sold shares of the stock. Capital World Investors raised its position in CSW Industrials by 956.8% in the 1st quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock worth $88,344,000 after purchasing an additional 340,939 shares during the period. Vanguard Group Inc. boosted its stake in shares of CSW Industrials by 39.1% during the first quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock valued at $284,745,000 after purchasing an additional 340,904 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in CSW Industrials in the second quarter valued at approximately $65,595,000. Principal Financial Group Inc. boosted its stake in CSW Industrials by 1,046.2% in the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock valued at $31,140,000 after acquiring an additional 77,576 shares in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in CSW Industrials in the third quarter valued at approximately $25,589,000. 82.79% of the stock is owned by institutional investors.

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.