CSW Industrials (NASDAQ:CSWI) Shares Gap Down – Here’s What Happened

CSW Industrials, Inc. (NASDAQ:CSWI)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $345.37, but opened at $330.23. CSW Industrials shares last traded at $329.26, with a volume of 13,799 shares traded.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CSWI shares. StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company cut their price objective on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. The Goldman Sachs Group lowered their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Citigroup cut their price target on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $404.67.

CSW Industrials Stock Down 5.3 %

The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 44.43 and a beta of 0.85. The business has a 50-day moving average price of $381.94 and a 200-day moving average price of $358.51.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 13.77% and a return on equity of 17.07%. As a group, sell-side analysts predict that CSW Industrials, Inc. will post 8.22 EPS for the current year.

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, January 31st. CSW Industrials’s payout ratio is 13.04%.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $404.79, for a total transaction of $404,790.00. Following the completion of the sale, the chief executive officer now directly owns 50,698 shares in the company, valued at $20,522,043.42. This represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Don Sullivan sold 1,800 shares of CSW Industrials stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $377.58, for a total value of $679,644.00. Following the completion of the transaction, the executive vice president now owns 29,004 shares in the company, valued at $10,951,330.32. The trade was a 5.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,903 shares of company stock valued at $3,777,538 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of CSW Industrials

A number of hedge funds have recently bought and sold shares of the stock. State Street Corp grew its position in CSW Industrials by 71.7% during the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after buying an additional 255,849 shares in the last quarter. Riverbridge Partners LLC bought a new stake in shares of CSW Industrials in the 4th quarter worth approximately $42,202,000. Principal Financial Group Inc. grew its holdings in shares of CSW Industrials by 1,046.2% during the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock worth $31,140,000 after purchasing an additional 77,576 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of CSW Industrials during the third quarter valued at approximately $25,589,000. Finally, Franklin Resources Inc. raised its stake in shares of CSW Industrials by 2,006.7% in the third quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company’s stock valued at $22,702,000 after purchasing an additional 54,882 shares in the last quarter. 82.79% of the stock is owned by 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.