By otakuyassine3@gmail.com 
CSW Industrials, Inc. (NASDAQ:CSWI – Get Free Report) EVP Don Sullivan sold 1,965 shares of CSW Industrials stock in a transaction on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $760,749.75. Following the sale, the executive vice president now directly owns 30,804 shares in the company, valued at approximately $11,925,768.60. This trade represents a 6.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
CSW Industrials Stock Up 0.1 %
NASDAQ:CSWI traded up $0.49 on Monday, hitting $389.17. The stock had a trading volume of 75,557 shares, compared to its average volume of 125,287. The company has a fifty day moving average price of $396.90 and a two-hundred day moving average price of $335.58. CSW Industrials, Inc. has a 1-year low of $199.20 and a 1-year high of $436.50. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 52.88 and a beta of 0.81.
CSW Industrials Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were issued a $0.24 dividend. The ex-dividend date was Friday, October 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.25%. CSW Industrials’s dividend payout ratio is currently 13.04%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after buying an additional 36 shares during the period. National Bank of Canada FI acquired a new position in shares of CSW Industrials in the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new position in shares of CSW Industrials during the 3rd quarter worth approximately $30,000. Peterson Financial Group Inc. acquired a new stake in CSW Industrials in the 3rd quarter valued at approximately $72,000. Finally, Nisa Investment Advisors LLC raised its position in CSW Industrials by 508.8% in the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 173 shares during the period. 82.79% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
CSWI has been the topic of a number of recent research reports. Wells Fargo & Company started coverage on shares of CSW Industrials in a research report on Monday, November 25th. They set an “equal weight” rating and a $425.00 price target on the stock. The Goldman Sachs Group initiated coverage on CSW Industrials in a research report on Friday, December 6th. They issued a “neutral” rating and a $450.00 price target for the company. Citigroup raised CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. Finally, StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, CSW Industrials currently has a consensus rating of “Hold” and a consensus target price of $437.50.
Check Out Our Latest Report on CSW Industrials
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.
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