Joseph B. Armes Sells 1,000 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $389.78, for a total value of $389,780.00. Following the completion of the sale, the chief executive officer now owns 49,698 shares in the company, valued at approximately $19,371,286.44. This represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

CSW Industrials Price Performance

Shares of CSWI stock opened at $360.81 on Thursday. CSW Industrials, Inc. has a one year low of $200.50 and a one year high of $436.50. The company’s fifty day moving average price is $397.07 and its 200-day moving average price is $337.56. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 49.02 and a beta of 0.81.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.96 annualized dividend and a dividend yield of 0.27%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s dividend payout ratio (DPR) is currently 13.04%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On CSW Industrials

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in CSW Industrials by 105.9% in the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 36 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of CSW Industrials in the third quarter worth about $28,000. V Square Quantitative Management LLC bought a new position in CSW Industrials during the third quarter valued at approximately $30,000. Peterson Financial Group Inc. purchased a new position in CSW Industrials during the 3rd quarter valued at approximately $72,000. Finally, Nisa Investment Advisors LLC increased its stake in CSW Industrials by 508.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 173 shares during the last quarter. 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.