CSW Industrials (NASDAQ:CSWI) Sets New 1-Year High – What’s Next?

CSW Industrials, Inc. (NASDAQ:CSWI) reached a new 52-week high during trading on Monday . The company traded as high as $432.59 and last traded at $432.59, with a volume of 3302 shares changing hands. The stock had previously closed at $426.66.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wells Fargo & Company started coverage on shares of CSW Industrials in a research note on Monday. They set an “equal weight” rating and a $425.00 price target on the stock. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Citigroup raised CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th.

CSW Industrials Trading Down 2.0 %

The business’s fifty day moving average price is $383.89 and its 200 day moving average price is $319.85. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 57.55, a PEG ratio of 3.42 and a beta of 0.78.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders 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 a positive change from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.23%. CSW Industrials’s payout ratio is currently 13.04%.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $341.37, for a total value of $341,370.00. Following the transaction, the chief executive officer now owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. The trade was a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 3,000 shares of company stock worth $1,139,500. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Several hedge funds have recently modified their holdings of CSWI. Tidal Investments LLC raised its position in CSW Industrials by 142.7% during the 3rd quarter. Tidal Investments LLC now owns 3,526 shares of the basic materials company’s stock worth $1,292,000 after buying an additional 2,073 shares during the last quarter. Sanctuary Advisors LLC lifted its position in CSW Industrials by 58.5% in the third quarter. Sanctuary Advisors LLC now owns 3,768 shares of the basic materials company’s stock valued at $1,381,000 after purchasing an additional 1,390 shares during the period. Anchor Investment Management LLC boosted its holdings in CSW Industrials by 2.5% in the 3rd quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock valued at $472,000 after purchasing an additional 32 shares in the last quarter. Geode Capital Management LLC increased its position in CSW Industrials by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock worth $142,536,000 after purchasing an additional 26,728 shares during the period. Finally, Barclays PLC raised its stake in shares of CSW Industrials by 431.2% during the 3rd quarter. Barclays PLC now owns 29,272 shares of the basic materials company’s stock worth $10,725,000 after buying an additional 23,761 shares in the last quarter. 82.79% of the stock is 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.