CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells $404,790.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $404.79, for a total transaction of $404,790.00. Following the sale, the chief executive officer now directly owns 50,698 shares of the company’s stock, valued at approximately $20,522,043.42. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CSW Industrials Stock Performance

CSWI traded down $3.81 during midday trading on Friday, reaching $403.98. The company had a trading volume of 60,310 shares, compared to its average volume of 128,294. The stock has a market cap of $6.79 billion, a PE ratio of 54.89, a P/E/G ratio of 3.32 and a beta of 0.78. CSW Industrials, Inc. has a 12-month low of $167.81 and a 12-month high of $428.46. The business has a 50-day moving average price of $370.37 and a two-hundred day moving average price of $310.40.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.24%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, October 25th. CSW Industrials’s payout ratio is presently 13.04%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CSWI shares. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a report on Wednesday.

Institutional Trading of CSW Industrials

Institutional investors have recently modified their holdings of the business. CANADA LIFE ASSURANCE Co lifted its stake in shares of CSW Industrials by 272.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 7,344 shares of the basic materials company’s stock valued at $1,720,000 after buying an additional 5,372 shares in the last quarter. Capital World Investors increased its holdings in CSW Industrials by 956.8% during the 1st quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock worth $88,344,000 after acquiring an additional 340,939 shares during the period. Vanguard Group Inc. increased its holdings in CSW Industrials by 39.1% during the 1st quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock worth $284,745,000 after acquiring an additional 340,904 shares during the period. Daymark Wealth Partners LLC bought a new stake in CSW Industrials during the 2nd quarter worth approximately $478,000. Finally, Oppenheimer Asset Management Inc. increased its holdings in CSW Industrials by 49.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,376 shares of the basic materials company’s stock worth $3,018,000 after acquiring an additional 3,769 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.