CSW Industrials (NASDAQ:CSWI) Downgraded to “Hold” Rating by StockNews.com

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

CSW Industrials Stock Performance

Shares of CSWI traded down $1.79 during trading hours on Thursday, hitting $406.00. The stock had a trading volume of 14,273 shares, compared to its average volume of 128,087. CSW Industrials has a 12-month low of $167.81 and a 12-month high of $428.46. The firm has a market cap of $6.83 billion, a P/E ratio of 55.41, a P/E/G ratio of 3.32 and a beta of 0.78. The company’s fifty day simple moving average is $368.05 and its 200 day simple moving average is $309.72.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were issued 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 yield of 0.24%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s dividend payout ratio (DPR) is currently 13.04%.

Insider Activity

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 shares were sold at an average price of $393.34, for a total value of $393,340.00. Following the transaction, the chief executive officer now owns 51,698 shares in the company, valued at approximately $20,334,891.32. The trade was a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

A number of institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of CSW Industrials by 105.9% in the 3rd 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 acquired a new position in shares of CSW Industrials during the third quarter valued at about $30,000. Contravisory Investment Management Inc. raised its position in shares of CSW Industrials by 48.1% during the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after buying an additional 38 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in CSW Industrials in the third quarter worth about $72,000. Finally, Nisa Investment Advisors LLC raised its position in CSW Industrials by 508.8% in the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 173 shares in the last quarter. 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.