Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells $389,780.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $389.78, for a total value of $389,780.00. Following the transaction, the chief executive officer now directly owns 49,698 shares of the company’s stock, valued at approximately $19,371,286.44. This trade represents a 1.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CSW Industrials Stock Down 5.0 %

Shares of NASDAQ CSWI opened at $360.81 on Thursday. The company has a market cap of $6.07 billion, a P/E ratio of 49.02 and a beta of 0.81. CSW Industrials, Inc. has a 52 week low of $200.50 and a 52 week high of $436.50. The business has a 50-day simple moving average of $397.07 and a two-hundred day simple moving average of $337.56.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were issued a dividend of $0.24 per share. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, October 25th. This represents a $0.96 annualized dividend and a dividend yield of 0.27%. CSW Industrials’s payout ratio is presently 13.04%.

Hedge Funds Weigh In On CSW Industrials

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its position in CSW Industrials by 71.7% during the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after purchasing an additional 255,849 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of CSW Industrials during the 2nd quarter valued at about $65,595,000. Principal Financial Group Inc. raised its holdings in shares of CSW Industrials by 1,046.2% during the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock valued at $31,140,000 after buying an additional 77,576 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in CSW Industrials in the 3rd quarter worth approximately $25,589,000. Finally, Franklin Resources Inc. boosted its stake in CSW Industrials by 2,006.7% in the third quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company’s stock worth $22,702,000 after buying an additional 54,882 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

CSWI has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Tuesday. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group initiated coverage on shares of CSW Industrials in a research report on Friday, December 6th. They issued a “neutral” rating and a $450.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $430.00.

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.