CSW Industrials (NASDAQ:CSWI) Downgraded to Hold Rating by StockNews.com

StockNews.com lowered shares of CSW Industrials (NASDAQ:CSWI) from a buy rating to a hold rating in a research report report published on Monday morning.

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

CSW Industrials Trading Down 2.3 %

NASDAQ CSWI opened at $322.32 on Monday. The company’s 50-day moving average price is $378.25 and its 200-day moving average price is $359.45. The stock has a market cap of $5.41 billion, a PE ratio of 38.51 and a beta of 0.84. CSW Industrials has a 12 month low of $216.61 and a 12 month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping 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, sell-side analysts forecast that CSW Industrials will post 8.22 earnings per share for the current year.

CSW Industrials Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.30%. CSW Industrials’s dividend payout ratio (DPR) is 11.47%.

Insider Activity

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value of $70,930.00. Following the transaction, the director now owns 13,719 shares in the company, valued at approximately $4,865,443.35. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Luke Alverson sold 1,416 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $548,204.40. Following the completion of the transaction, the senior vice president now owns 17,156 shares in the company, valued at $6,641,945.40. The trade was a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,903 shares of company stock worth $3,777,538 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 36 shares during the period. National Bank of Canada FI purchased a new position in shares of CSW Industrials during the 3rd quarter worth $28,000. V Square Quantitative Management LLC purchased a new position in shares of CSW Industrials during the 3rd quarter worth $30,000. Peterson Financial Group Inc. acquired a new stake in shares of CSW Industrials during the 3rd quarter worth about $72,000. Finally, Nisa Investment Advisors LLC increased its position in shares of CSW Industrials by 508.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

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.