CSW Industrials (NASDAQ:CSWI) Shares Gap Down – What’s Next?

CSW Industrials, Inc. (NASDAQ:CSWI)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $345.37, but opened at $330.23. CSW Industrials shares last traded at $329.26, with a volume of 13,799 shares.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. 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 research note on Monday, January 13th. Wells Fargo & Company decreased their price objective on 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. The Goldman Sachs Group dropped their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $404.67.

CSW Industrials Stock Performance

The firm has a market capitalization of $5.50 billion, a P/E ratio of 44.43 and a beta of 0.85. The firm’s 50-day moving average is $381.94 and its 200 day moving average is $358.51.

CSW Industrials (NASDAQ:CSWI) last released its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 17.07% and a net margin of 13.77%. As a group, research analysts expect that CSW Industrials, Inc. will post 8.22 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Friday, January 31st. CSW Industrials’s dividend payout ratio is currently 13.04%.

Insider Transactions at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the completion of the sale, the director now owns 13,719 shares in the company, valued at approximately $4,865,443.35. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Luke Alverson sold 1,416 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were 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 approximately $6,641,945.40. This trade represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,903 shares of company stock worth $3,777,538 in the last ninety days. Insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

Several institutional investors have recently added to or reduced their stakes in CSWI. Hsbc Holdings PLC boosted its position in shares of CSW Industrials by 2.0% in the second quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 34 shares during the period. Xponance Inc. grew its position in shares of CSW Industrials by 3.7% during the 2nd quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 35 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of CSW Industrials during the second quarter worth approximately $2,147,000. The Manufacturers Life Insurance Company boosted its stake in shares of CSW Industrials by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 8,759 shares of the basic materials company’s stock valued at $2,324,000 after buying an additional 378 shares during the period. Finally, Algert Global LLC acquired a new stake in CSW Industrials during the second quarter worth approximately $415,000. 82.79% of the stock is currently owned by 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.