Wells Fargo & Company Begins Coverage on CSW Industrials (NASDAQ:CSWI)

Wells Fargo & Company initiated coverage on shares of CSW Industrials (NASDAQ:CSWI - Free Report) in a research note released on Monday, Marketbeat reports. The brokerage issued an equal weight rating and a $425.00 price target on the basic materials company's stock.

Several other equities research analysts have also recently issued reports on CSWI. Citigroup raised shares of CSW Industrials to a "hold" rating in a research note on Wednesday, November 13th. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th.

CSW Industrials Stock Performance

Shares of CSWI stock traded up $8.02 on Monday, reaching $434.68. 42,141 shares of the company were exchanged, compared to its average volume of 127,194. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 58.43, a P/E/G ratio of 3.42 and a beta of 0.78. CSW Industrials has a 1 year low of $172.97 and a 1 year high of $436.50. The business has a 50-day moving average price of $382.05 and a 200 day moving average price of $318.54.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were given a dividend of $0.24 per share. This is a boost from CSW Industrials's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.96 annualized dividend and a dividend yield of 0.22%. CSW Industrials's payout ratio is presently 13.04%.

Insider Activity at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total value of $393,340.00. Following the completion of the sale, the chief executive officer now owns 51,698 shares of the company's stock, valued at $20,334,891.32. This represents a 1.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 3,000 shares of company stock valued at $1,139,500. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On CSW Industrials

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew 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 purchasing an additional 36 shares during the period. National Bank of Canada FI purchased a new position in CSW Industrials during the third quarter worth about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of CSW Industrials during the third quarter valued at about $30,000. Contravisory Investment Management Inc. lifted its holdings in shares of CSW Industrials by 48.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company's stock worth $31,000 after acquiring an additional 38 shares during the last quarter. Finally, Peterson Financial Group Inc. purchased a new position in shares of CSW Industrials during the 3rd quarter worth approximately $72,000. Institutional investors and hedge funds 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.