CSW Industrials, Inc. (NASDAQ:CSWI) SVP Sells $548,204.40 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson sold 1,416 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total value 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 trade represents a 7.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

CSW Industrials Stock Down 5.0 %

Shares of CSWI stock opened at $360.81 on Thursday. The stock has a 50 day moving average of $397.07 and a 200-day moving average of $337.56. The firm has a market cap of $6.07 billion, a PE ratio of 49.02 and a beta of 0.81. CSW Industrials, Inc. has a 12 month low of $200.50 and a 12 month high of $436.50.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, October 25th. 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 yield of 0.27%. CSW Industrials’s dividend payout ratio is 13.04%.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

CSWI has been the topic of several recent research reports. Citigroup upgraded CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. Wells Fargo & Company cut 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. The Goldman Sachs Group assumed coverage on CSW Industrials in a report on Friday, December 6th. They issued a “neutral” rating and a $450.00 target price for the company. Finally, StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $430.00.

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.