CSW Industrials (NASDAQ:CSWI) Upgraded by Citigroup to Hold Rating

Citigroup upgraded shares of CSW Industrials (NASDAQ:CSWI - Free Report) to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Separately, StockNews.com downgraded CSW Industrials from a "buy" rating to a "hold" rating in a research note on Thursday.

CSW Industrials Trading Down 0.9 %

Shares of CSWI traded down $3.81 during trading hours on Wednesday, reaching $403.98. 59,105 shares of the stock traded hands, compared to its average volume of 128,289. CSW Industrials has a 52 week low of $167.81 and a 52 week high of $428.46. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 54.89, a PEG ratio of 3.32 and a beta of 0.78. The stock has a fifty day simple moving average of $370.37 and a 200 day simple moving average of $310.40.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.24%. 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. CSW Industrials's payout ratio is presently 13.04%.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $341.37, for a total value of $341,370.00. Following the completion of the sale, the chief executive officer now directly owns 51,579 shares of the company's stock, valued at $17,607,523.23. This trade represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CSWI. GAMMA Investing LLC lifted its holdings in CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 36 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of CSW Industrials during the 3rd quarter valued at approximately $30,000. Contravisory Investment Management Inc. boosted its holdings in 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 buying an additional 38 shares during the period. Peterson Financial Group Inc. purchased a new position in CSW Industrials in the 3rd quarter valued at approximately $72,000. Finally, Nisa Investment Advisors LLC grew its stake in CSW Industrials by 508.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company's stock valued at $76,000 after buying an additional 173 shares in the last quarter. 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.