Joseph B. Armes Sells 1,000 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the transaction, the chief executive officer now directly owns 49,698 shares in the company, valued at $19,371,286.44. The trade was a 1.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CSW Industrials Stock Performance

Shares of CSWI stock traded up $0.49 on Monday, hitting $389.17. 75,557 shares of the company’s stock traded hands, compared to its average volume of 125,287. The stock 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 fifty day simple moving average is $396.90 and its 200 day simple moving average is $335.58. CSW Industrials, Inc. has a one year low of $199.20 and a one year high of $436.50.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were issued a $0.24 dividend. 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 0.25%. CSW Industrials’s dividend payout ratio (DPR) is currently 13.04%.

Wall Street Analysts Forecast Growth

CSWI has been the subject of several research reports. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company initiated coverage on CSW Industrials in a research note on Monday, November 25th. They set an “equal weight” rating and a $425.00 price target for the company. Citigroup upgraded CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group assumed coverage on CSW Industrials in a research report on Friday, December 6th. They issued a “neutral” rating and a $450.00 target price for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $437.50.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in CSW Industrials by 2,006.7% in the 3rd quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company’s stock worth $22,702,000 after acquiring an additional 54,882 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of CSW Industrials by 142.7% during the third quarter. Tidal Investments LLC now owns 3,526 shares of the basic materials company’s stock worth $1,292,000 after purchasing an additional 2,073 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of CSW Industrials by 58.5% during the third quarter. Sanctuary Advisors LLC now owns 3,768 shares of the basic materials company’s stock worth $1,381,000 after purchasing an additional 1,390 shares during the period. Anchor Investment Management LLC grew its stake in shares of CSW Industrials by 2.5% in the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 32 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in CSW Industrials by 7.4% during 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 period. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Company Profile

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.