FMR LLC lowered its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 11.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 194,446 shares of the basic materials company's stock after selling 25,321 shares during the period. FMR LLC owned 1.16% of CSW Industrials worth $71,243,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in CSWI. Tidal Investments LLC lifted its position in CSW Industrials by 15.0% during the first quarter. Tidal Investments LLC now owns 1,402 shares of the basic materials company's stock worth $329,000 after buying an additional 183 shares during the period. Park Avenue Securities LLC lifted its position in CSW Industrials by 22.4% during the second quarter. Park Avenue Securities LLC now owns 2,494 shares of the basic materials company's stock worth $662,000 after buying an additional 456 shares during the period. OLD National Bancorp IN purchased a new position in CSW Industrials during the second quarter worth about $271,000. SG Americas Securities LLC lifted its position in CSW Industrials by 190.6% during the second quarter. SG Americas Securities LLC now owns 1,831 shares of the basic materials company's stock worth $486,000 after buying an additional 1,201 shares during the period. Finally, Andina Capital Management LLC lifted its position in CSW Industrials by 3.4% during the second quarter. Andina Capital Management LLC now owns 1,506 shares of the basic materials company's stock worth $400,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 82.79% of the company's stock.
Insider Activity
In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $404.79, for a total value of $404,790.00. Following the completion of the sale, the chief executive officer now owns 50,698 shares in the company, valued at approximately $20,522,043.42. This trade represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 3,000 shares of company stock worth $1,139,500. 1.40% of the stock is currently owned by corporate insiders.
CSW Industrials Stock Performance
Shares of CSWI stock traded up $5.83 during trading hours on Friday, reaching $415.77. The company had a trading volume of 72,128 shares, compared to its average volume of 89,287. CSW Industrials, Inc. has a twelve month low of $177.06 and a twelve month high of $436.50. The company has a market capitalization of $6.99 billion, a P/E ratio of 56.49 and a beta of 0.81. The stock's fifty day simple moving average is $393.99 and its 200 day simple moving average is $329.60.
CSW Industrials Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.23%. This is a positive change from CSW Industrials's previous quarterly dividend of $0.21. CSW Industrials's dividend payout ratio (DPR) is 13.04%.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. Citigroup upgraded CSW Industrials to a "hold" rating in a research report on Wednesday, November 13th. The Goldman Sachs Group started coverage on CSW Industrials in a research report on Friday. They set a "neutral" rating and a $450.00 target price on the stock. Wells Fargo & Company started coverage on CSW Industrials in a report on Monday, November 25th. They issued an "equal weight" rating and a $425.00 price objective on the stock. Finally, StockNews.com upgraded CSW Industrials from a "hold" rating to a "buy" rating in a report on Friday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $437.50.
View Our Latest Analysis on CSWI
CSW Industrials Profile
(
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.
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