CSW Industrials (NASDAQ:CSWI) Raised to Buy at StockNews.com

StockNews.com upgraded shares of CSW Industrials (NASDAQ:CSWI) from a hold rating to a buy rating in a research report report published on Tuesday.

CSW Industrials Stock Up 2.9 %

Shares of CSWI stock opened at $415.34 on Tuesday. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 56.43, a PEG ratio of 2.92 and a beta of 0.78. The stock has a fifty day moving average of $360.69 and a 200 day moving average of $304.19. CSW Industrials has a 52 week low of $167.27 and a 52 week high of $418.17.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.96 annualized dividend and a dividend yield of 0.23%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s payout ratio is currently 13.04%.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total transaction of $393,340.00. Following the sale, the chief executive officer now directly owns 51,698 shares of the company’s stock, valued at approximately $20,334,891.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Norden Group LLC purchased a new position in CSW Industrials during the first quarter valued at $351,000. BNP Paribas Financial Markets lifted its stake in CSW Industrials by 12.1% during the 1st quarter. BNP Paribas Financial Markets now owns 17,499 shares of the basic materials company’s stock valued at $4,105,000 after acquiring an additional 1,883 shares during the period. Mawer Investment Management Ltd. boosted its holdings in CSW Industrials by 100.5% in the first quarter. Mawer Investment Management Ltd. now owns 31,085 shares of the basic materials company’s stock worth $7,293,000 after purchasing an additional 15,581 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of CSW Industrials by 15.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,524 shares of the basic materials company’s stock worth $358,000 after buying an additional 203 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of CSW Industrials during the 1st quarter valued at about $148,000. 82.79% of the stock is currently owned by institutional investors.

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.