CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells $378,320.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $378.32, for a total transaction of $378,320.00. Following the sale, the chief executive officer now owns 48,848 shares of the company’s stock, valued at approximately $18,480,175.36. This represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CSW Industrials Trading Up 1.3 %

Shares of NASDAQ CSWI opened at $385.34 on Friday. CSW Industrials, Inc. has a 12-month low of $203.83 and a 12-month high of $436.50. The stock has a market cap of $6.48 billion, a P/E ratio of 52.36 and a beta of 0.85. The business’s fifty day simple moving average is $389.08 and its 200-day simple moving average is $351.48.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.25%. CSW Industrials’s dividend payout ratio is presently 13.04%.

Institutional Trading of CSW Industrials

A number of large investors have recently made changes to their positions in CSWI. State Street Corp increased its position in shares of CSW Industrials by 71.7% in the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after purchasing an additional 255,849 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in CSW Industrials in the second quarter valued at $65,595,000. Principal Financial Group Inc. raised its stake in CSW Industrials by 1,046.2% in the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock valued at $31,140,000 after buying an additional 77,576 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of CSW Industrials during the 3rd quarter worth about $25,589,000. Finally, Franklin Resources Inc. increased its holdings in shares of CSW Industrials by 2,006.7% in the 3rd quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company’s stock valued at $22,702,000 after acquiring an additional 54,882 shares during the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CSWI shares. Wells Fargo & Company dropped 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, December 17th. Citigroup cut their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Finally, The Goldman Sachs Group cut their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $404.67.

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.