CSW Industrials, Inc. (NASDAQ:CSWI) Director Sells $70,930.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value of $70,930.00. Following the completion of the sale, the director now directly owns 13,719 shares of the company’s stock, valued at $4,865,443.35. The trade was a 1.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CSW Industrials Price Performance

NASDAQ CSWI traded down $1.28 during mid-day trading on Thursday, reaching $351.52. The stock had a trading volume of 48,175 shares, compared to its average volume of 124,285. The company has a fifty day moving average price of $390.77 and a 200 day moving average price of $344.50. CSW Industrials, Inc. has a 1 year low of $200.50 and a 1 year high of $436.50. The stock has a market cap of $5.91 billion, a PE ratio of 47.76 and a beta of 0.81.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were issued 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 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, October 25th. CSW Industrials’s dividend payout ratio is presently 13.04%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group initiated coverage on CSW Industrials in a report on Friday, December 6th. They issued a “neutral” rating and a $450.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned 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.

Institutional Investors Weigh In On CSW Industrials

Several institutional investors have recently modified their holdings of CSWI. State Street Corp lifted its stake in CSW Industrials by 71.7% during the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after acquiring an additional 255,849 shares during the period. Kayne Anderson Rudnick Investment Management LLC bought a new position in CSW Industrials during the second quarter valued at approximately $65,595,000. Principal Financial Group Inc. boosted its holdings in CSW Industrials by 1,046.2% in the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock worth $31,140,000 after purchasing an additional 77,576 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in CSW Industrials in the 3rd quarter worth approximately $25,589,000. Finally, Franklin Resources Inc. grew its position in CSW Industrials by 2,006.7% in the 3rd quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company’s stock worth $22,702,000 after purchasing an additional 54,882 shares during the period. 82.79% of the stock is owned by hedge funds and other institutional investors.

About CSW Industrials

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.