CSW Industrials, Inc. (NASDAQ:CSWI) SVP Sells $545,119.52 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson sold 1,522 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $358.16, for a total value of $545,119.52. Following the completion of the transaction, the senior vice president now directly owns 15,634 shares in the company, valued at approximately $5,599,473.44. This trade represents a 8.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Luke Alverson also recently made the following trade(s):

• On Monday, December 16th, Luke Alverson sold 1,416 shares of CSW Industrials stock. The shares were sold at an average price of $387.15, for a total transaction of $548,204.40.

CSW Industrials Price Performance

NASDAQ:CSWI opened at $390.21 on Friday. CSW Industrials, Inc. has a one year low of $203.83 and a one year high of $436.50. The company has a market cap of $6.56 billion, a PE ratio of 53.02 and a beta of 0.85. The firm has a 50-day moving average of $388.48 and a 200-day moving average of $352.36.

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 paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in 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 buying an additional 26,728 shares during the last quarter. Mutual of America Capital Management LLC purchased a new stake in shares of CSW Industrials in the third quarter valued at about $916,000. Charles Schwab Investment Management Inc. lifted its position in shares of CSW Industrials by 13.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock valued at $61,689,000 after purchasing an additional 19,659 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in CSW Industrials by 40.3% during the third quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock worth $10,414,000 after purchasing an additional 8,161 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in CSW Industrials by 8.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock worth $3,482,000 after purchasing an additional 744 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CSWI. Wells Fargo & Company decreased their price target on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. The Goldman Sachs Group cut their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Citigroup reduced their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, CSW Industrials has a consensus rating of “Hold” and a consensus target price of $404.67.

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.