Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) EVP Sells $760,749.75 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan sold 1,965 shares of CSW Industrials stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $760,749.75. Following the sale, the executive vice president now owns 30,804 shares of the company’s stock, valued at approximately $11,925,768.60. The trade was a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

CSW Industrials Stock Down 5.0 %

Shares of NASDAQ CSWI opened at $360.81 on Thursday. CSW Industrials, Inc. has a 52-week low of $200.50 and a 52-week high of $436.50. The company’s 50-day simple moving average is $397.07 and its 200-day simple moving average is $337.56. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 49.02 and a beta of 0.81.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.27%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, October 25th. CSW Industrials’s dividend payout ratio (DPR) is 13.04%.

Institutional Investors Weigh In On CSW Industrials

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 36 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of CSW Industrials during the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new stake in CSW Industrials in the third quarter valued at approximately $30,000. Peterson Financial Group Inc. purchased a new position in shares of CSW Industrials during the third quarter worth $72,000. Finally, Nisa Investment Advisors LLC raised 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 valued at $76,000 after buying an additional 173 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wells Fargo & Company cut their price target on 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 raised CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Citigroup raised shares of CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group assumed coverage on shares of CSW Industrials in a research note on Friday, December 6th. They issued a “neutral” rating and a $450.00 target price for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $430.00.

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.