Robert M. Swartz Sells 200 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $321.78, for a total value of $64,356.00. Following the transaction, the director now owns 13,519 shares in the company, valued at $4,350,143.82. This trade represents a 1.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CSW Industrials Trading Up 1.6 %

NASDAQ CSWI opened at $325.05 on Thursday. The stock’s fifty day moving average price is $372.14 and its 200-day moving average price is $359.71. The stock has a market cap of $5.45 billion, a P/E ratio of 38.84 and a beta of 0.84. CSW Industrials, Inc. has a 12 month low of $217.60 and a 12 month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. As a group, analysts forecast that CSW Industrials, Inc. will post 8.22 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is currently 11.47%.

Hedge Funds Weigh In On CSW Industrials

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSWI. GAMMA Investing LLC raised its stake in shares of CSW Industrials by 105.9% in the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 36 shares during the last quarter. National Bank of Canada FI bought a new stake in CSW Industrials in the 3rd quarter worth about $28,000. V Square Quantitative Management LLC purchased a new position in CSW Industrials in the 3rd quarter worth about $30,000. IFP Advisors Inc lifted its stake in CSW Industrials by 510.5% during the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 97 shares during the period. Finally, Peterson Financial Group Inc. purchased a new stake in shares of CSW Industrials during the 3rd quarter valued at about $72,000. 82.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CSWI. Wells Fargo & Company reduced their price target on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group reduced their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Citigroup lowered their price target on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Finally, StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $384.67.

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.