Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) EVP Sells 1,965 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan sold 1,965 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $760,749.75. Following the sale, the executive vice president now directly owns 30,804 shares in the company, valued at $11,925,768.60. This represents a 6.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

CSW Industrials Stock Performance

Shares of NASDAQ:CSWI traded up $0.49 during trading hours on Monday, reaching $389.17. The stock had a trading volume of 75,557 shares, compared to its average volume of 125,287. CSW Industrials, Inc. has a 1 year low of $199.20 and a 1 year high of $436.50. The firm’s 50 day moving average is $396.90 and its 200-day moving average is $335.58. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 52.88 and a beta of 0.81.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were paid a $0.24 dividend. The ex-dividend date was Friday, October 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.25%. CSW Industrials’s dividend payout ratio (DPR) is currently 13.04%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company initiated coverage on shares of CSW Industrials in a report on Monday, November 25th. They set an “equal weight” rating and a $425.00 target price on the stock. Citigroup upgraded CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group initiated coverage on CSW Industrials in a research report on Friday, December 6th. They issued a “neutral” rating and a $450.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $437.50.

Institutional Trading of CSW Industrials

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 36 shares in the last quarter. National Bank of Canada FI purchased a new position in CSW Industrials in the third quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new stake in CSW Industrials during the third quarter worth approximately $30,000. Peterson Financial Group Inc. purchased a new stake in shares of CSW Industrials during the 3rd quarter worth approximately $72,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of 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. 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.