Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) Director Sells $64,356.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) Director Robert M. Swartz sold 200 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $321.78, for a total transaction of $64,356.00. Following the transaction, the director now owns 13,519 shares in the company, valued at $4,350,143.82. The trade was a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

CSW Industrials Stock Up 0.9 %

Shares of CSW Industrials stock opened at $328.05 on Friday. The company’s fifty day simple moving average is $372.14 and its two-hundred day simple moving average is $359.71. CSW Industrials, Inc. has a 12-month low of $218.03 and a 12-month high of $436.50. The firm has a market cap of $5.51 billion, a PE ratio of 39.19 and a beta of 0.84.

CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. As a group, sell-side analysts expect that CSW Industrials, Inc. will post 8.22 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 0.29%. CSW Industrials’s dividend payout ratio is 11.47%.

Analysts Set New Price Targets

Several equities analysts recently commented on CSWI shares. Citigroup reduced their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group reduced their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday. Finally, Wells Fargo & Company dropped their target price on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $384.67.

Hedge Funds Weigh In On CSW Industrials

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp lifted its holdings in CSW Industrials by 71.7% in the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after buying an additional 255,849 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of CSW Industrials by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company’s stock worth $211,420,000 after acquiring an additional 9,781 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of CSW Industrials by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock valued at $142,536,000 after purchasing an additional 26,728 shares during the period. Congress Asset Management Co. lifted its stake in shares of CSW Industrials by 1.2% in the 4th quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company’s stock valued at $72,745,000 after purchasing an additional 2,544 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in shares of CSW Industrials by 35,553.3% during the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company’s stock valued at $71,320,000 after purchasing an additional 201,587 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.