CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells $404,790.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $404.79, for a total value of $404,790.00. Following the completion of the sale, the chief executive officer now owns 50,698 shares of the company’s stock, valued at approximately $20,522,043.42. This trade represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

CSW Industrials Price Performance

Shares of CSWI opened at $403.98 on Monday. CSW Industrials, Inc. has a one year low of $167.81 and a one year high of $428.46. The company has a market cap of $6.79 billion, a P/E ratio of 54.89, a P/E/G ratio of 3.24 and a beta of 0.78. The firm has a 50 day simple moving average of $372.75 and a two-hundred day simple moving average of $312.06.

CSW Industrials Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CSWI. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co increased its holdings in shares of CSW Industrials by 272.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 7,344 shares of the basic materials company’s stock worth $1,720,000 after buying an additional 5,372 shares in the last quarter. Capital World Investors increased its holdings in shares of CSW Industrials by 956.8% during the first quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock worth $88,344,000 after buying an additional 340,939 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of CSW Industrials by 39.1% during the first quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock worth $284,745,000 after buying an additional 340,904 shares in the last quarter. Daymark Wealth Partners LLC acquired a new position in shares of CSW Industrials during the second quarter worth $478,000. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of CSW Industrials by 49.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 11,376 shares of the basic materials company’s stock worth $3,018,000 after buying an additional 3,769 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

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.