CSW Industrials (NASDAQ:CSWI) Trading Down 3.7% – Here’s Why

CSW Industrials, Inc. (NASDAQ:CSWI)’s share price fell 3.7% during trading on Friday . The stock traded as low as $367.20 and last traded at $366.78. 34,666 shares were traded during trading, a decline of 62% from the average session volume of 90,840 shares. The stock had previously closed at $380.99.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citigroup reduced their price target on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. The Goldman Sachs Group lowered their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company reduced their price objective on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Three equities research 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 stock has a consensus rating of “Hold” and a consensus target price of $404.67.

CSW Industrials Price Performance

The business has a 50 day moving average price of $385.62 and a two-hundred day moving average price of $356.94. The stock has a market cap of $6.17 billion, a PE ratio of 49.86 and a beta of 0.85.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, January 31st. CSW Industrials’s payout ratio is 13.04%.

Insider Activity

In related news, SVP Luke Alverson sold 1,416 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $548,204.40. Following the completion of the transaction, the senior vice president now owns 17,156 shares in the company, valued at $6,641,945.40. This represents a 7.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Monday, December 16th. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the sale, the chief executive officer now owns 49,698 shares in the company, valued at approximately $19,371,286.44. This trade represents a 1.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,903 shares of company stock valued at $3,777,538. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Several institutional investors and hedge funds have recently modified their holdings of CSWI. State Street Corp increased its position in shares of 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 buying an additional 255,849 shares during the period. Conestoga Capital Advisors LLC grew its holdings in shares of CSW Industrials by 1.7% during 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 during the period. Geode Capital Management LLC grew its holdings in shares of 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 acquiring an additional 26,728 shares during the period. Congress Asset Management Co. lifted its stake in shares of CSW Industrials by 3.8% in the 3rd quarter. Congress Asset Management Co. now owns 203,651 shares of the basic materials company’s stock valued at $74,616,000 after purchasing an additional 7,405 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of CSW Industrials by 13.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock valued at $61,689,000 after purchasing an additional 19,659 shares in the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

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.