CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson Sells 1,416 Shares

CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson sold 1,416 shares of CSW Industrials stock in a transaction 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 owns 17,156 shares of the company’s stock, valued at $6,641,945.40. This represents a 7.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CSW Industrials Price Performance

CSWI opened at $379.74 on Wednesday. CSW Industrials, Inc. has a fifty-two week low of $199.20 and a fifty-two week high of $436.50. The firm has a market capitalization of $6.39 billion, a PE ratio of 51.60 and a beta of 0.81. The company’s 50-day moving average is $397.24 and its 200 day moving average is $336.52.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, October 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 0.25%. CSW Industrials’s dividend payout ratio is 13.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CSWI shares. StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. The Goldman Sachs Group started coverage on CSW Industrials in a research note on Friday, December 6th. They set a “neutral” rating and a $450.00 price target on the stock. Citigroup raised CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company lowered their target price on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $430.00.

Institutional Inflows and Outflows

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