CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) SVP Luke Alverson sold 1,416 shares of CSW Industrials stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $548,204.40. Following the sale, the senior vice president now owns 17,156 shares in the company, valued at approximately $6,641,945.40. The trade was a 7.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
CSW Industrials Price Performance
NASDAQ CSWI traded up $0.49 during trading hours on Monday, reaching $389.17. The company's stock had a trading volume of 75,557 shares, compared to its average volume of 125,287. CSW Industrials, Inc. has a 1-year low of $199.20 and a 1-year high of $436.50. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 52.88 and a beta of 0.81. The company's 50-day moving average is $396.90 and its two-hundred day moving average is $335.58.
CSW Industrials Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, October 25th. This is a positive change from CSW Industrials's previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.25%. CSW Industrials's dividend payout ratio is 13.04%.
Wall Street Analysts Forecast Growth
CSWI has been the subject of several analyst reports. Wells Fargo & Company began coverage on CSW Industrials in a research note on Monday, November 25th. They issued an "equal weight" rating and a $425.00 price objective for the company. The Goldman Sachs Group initiated coverage on CSW Industrials in a research report on Friday, December 6th. They set a "neutral" rating and a $450.00 target price for the company. Citigroup raised shares of CSW Industrials to a "hold" rating in a research report on Wednesday, November 13th. Finally, StockNews.com upgraded CSW Industrials from a "hold" rating to a "buy" rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, CSW Industrials has an average rating of "Hold" and an average price target of $437.50.
Check Out Our Latest Analysis on CSW Industrials
Hedge Funds Weigh In On CSW Industrials
A number of institutional investors have recently bought and sold shares of CSWI. State Street Corp lifted its stake in CSW Industrials by 71.7% during the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company's stock worth $224,486,000 after acquiring an additional 255,849 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of CSW Industrials by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company's stock valued at $211,420,000 after buying an additional 9,781 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of 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 purchasing an additional 26,728 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of CSW Industrials during the second quarter worth about $65,595,000. Finally, Congress Asset Management Co. lifted its holdings in CSW Industrials by 3.8% in the third quarter. Congress Asset Management Co. now owns 203,651 shares of the basic materials company's stock valued at $74,616,000 after acquiring an additional 7,405 shares during the period. 82.79% of the stock is owned by hedge funds and other institutional investors.
About CSW Industrials
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider CSW Industrials, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CSW Industrials wasn't on the list.
While CSW Industrials currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
