CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson Sells 1,416 Shares

CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson sold 1,416 shares of CSW Industrials stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $548,204.40. Following the sale, the senior vice president now owns 17,156 shares in the company, valued at approximately $6,641,945.40. The trade was a 7.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

CSW Industrials Price Performance

NASDAQ CSWI traded up $0.49 during trading hours on Monday, reaching $389.17. The company’s stock had a trading volume of 75,557 shares, compared to its average volume of 125,287. CSW Industrials, Inc. has a 1-year low of $199.20 and a 1-year high of $436.50. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 52.88 and a beta of 0.81. The company’s 50-day moving average is $396.90 and its two-hundred day moving average is $335.58.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, October 25th. This is a positive change 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 0.25%. CSW Industrials’s dividend payout ratio is 13.04%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On CSW Industrials

A number of institutional investors have recently bought and sold shares 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 worth $224,486,000 after acquiring an additional 255,849 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of CSW Industrials by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company’s stock valued at $211,420,000 after buying an additional 9,781 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of CSW Industrials by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock valued at $142,536,000 after purchasing an additional 26,728 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of CSW Industrials during the second quarter worth about $65,595,000. Finally, Congress Asset Management Co. lifted its holdings in CSW Industrials by 3.8% in the third quarter. Congress Asset Management Co. now owns 203,651 shares of the basic materials company’s stock valued at $74,616,000 after acquiring an additional 7,405 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.