CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells $389,780.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was 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 directly owns 49,698 shares of the company’s stock, valued at approximately $19,371,286.44. This represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

CSW Industrials Stock Performance

Shares of CSWI traded up $0.49 during trading hours on Monday, hitting $389.17. The company had a trading volume of 75,557 shares, compared to its average volume of 125,287. CSW Industrials, Inc. has a 52-week low of $199.20 and a 52-week high of $436.50. The firm has a fifty day moving average price of $396.90 and a 200-day moving average price of $335.58. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 52.88 and a beta of 0.81.

CSW Industrials Increases Dividend

The company also recently announced 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 was Friday, October 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.25%. CSW Industrials’s payout ratio is 13.04%.

Institutional Investors Weigh In On CSW Industrials

A number of institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC raised its holdings in CSW Industrials by 190.6% in the 2nd quarter. SG Americas Securities LLC now owns 1,831 shares of the basic materials company’s stock worth $486,000 after acquiring an additional 1,201 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of CSW Industrials by 19.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,821 shares of the basic materials company’s stock worth $483,000 after purchasing an additional 297 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of CSW Industrials by 3.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 21,199 shares of the basic materials company’s stock worth $5,624,000 after purchasing an additional 679 shares in the last quarter. Raymond James & Associates raised its stake in shares of CSW Industrials by 15.3% in the second quarter. Raymond James & Associates now owns 24,904 shares of the basic materials company’s stock worth $6,607,000 after purchasing an additional 3,307 shares during the last quarter. Finally, HMS Capital Management LLC bought a new position in shares of CSW Industrials during the second quarter valued at $641,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Ratings Changes

CSWI has been the subject of a number of research analyst reports. Wells Fargo & Company assumed coverage on CSW Industrials in a research note on Monday, November 25th. They issued an “equal weight” rating and a $425.00 target price for the company. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Citigroup raised shares of CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group started coverage on shares of CSW Industrials in a research report on Friday, December 6th. They set a “neutral” rating and a $450.00 price target for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, CSW Industrials presently has an average rating of “Hold” and an average target price of $437.50.

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.