CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan Sells 1,965 Shares

CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan sold 1,965 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $760,749.75. Following the completion of the sale, the executive vice president now directly owns 30,804 shares in the company, valued at $11,925,768.60. This represents a 6.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CSW Industrials Price Performance

Shares of CSWI opened at $360.81 on Thursday. The firm has a fifty day moving average price of $397.07 and a 200 day moving average price of $337.56. The stock 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 1-year low of $200.50 and a 1-year high of $436.50.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were paid a dividend of $0.24 per share. 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 annualized dividend and a yield of 0.27%. CSW Industrials’s dividend payout ratio is currently 13.04%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CSWI. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group started coverage on CSW Industrials in a report on Friday, December 6th. They set a “neutral” rating and a $450.00 price target for the company. Finally, Wells Fargo & Company dropped their price objective on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $430.00.

Hedge Funds Weigh In On CSW Industrials

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp raised its holdings 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 purchasing an additional 255,849 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of CSW Industrials by 1.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company’s stock worth $211,420,000 after buying an additional 9,781 shares in the last quarter. Geode Capital Management LLC grew its holdings in CSW Industrials by 7.4% during the third quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock worth $142,536,000 after acquiring an additional 26,728 shares during the period. Kayne Anderson Rudnick Investment Management LLC purchased a new position in CSW Industrials in the second quarter worth $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 currently 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.