StockNews.com Upgrades CSW Industrials (NASDAQ:CSWI) to “Buy”

StockNews.com upgraded shares of CSW Industrials (NASDAQ:CSWI) from a hold rating to a buy rating in a research note issued to investors on Friday.

A number of other analysts have also commented on CSWI. Wells Fargo & Company began coverage on shares of CSW Industrials in a research note on Monday, November 25th. They set an “equal weight” rating and a $425.00 price target for the company. Citigroup raised shares of CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $437.50.

CSW Industrials Stock Up 1.4 %

NASDAQ CSWI opened at $415.77 on Friday. CSW Industrials has a 52 week low of $177.06 and a 52 week high of $436.50. The business has a 50 day moving average price of $393.99 and a 200-day moving average price of $329.60. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 56.49 and a beta of 0.81.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were given a $0.24 dividend. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date was Friday, October 25th. CSW Industrials’s dividend payout ratio is presently 13.04%.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on 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 owns 51,698 shares of the company’s stock, valued at $20,334,891.32. This trade represents a 1.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 3,000 shares of company stock valued at $1,139,500 in the last three months. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CSW Industrials

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in CSW Industrials by 105.9% in the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 36 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of CSW Industrials during the 3rd quarter valued at $28,000. V Square Quantitative Management LLC bought a new stake in shares of CSW Industrials during the 3rd quarter worth $30,000. Peterson Financial Group Inc. purchased a new position in shares of CSW Industrials in the 3rd quarter worth about $72,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of CSW Industrials by 508.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after buying an additional 173 shares during the last quarter. 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.