CSW Industrials (NASDAQ:CSWI) Rating Increased to Hold at Citigroup

Citigroup upgraded shares of CSW Industrials (NASDAQ:CSWI) to a hold rating in a research note published on Wednesday,Zacks.com reports.

Separately, StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday.

CSW Industrials Price Performance

Shares of CSWI stock opened at $403.98 on Wednesday. The firm has a market cap of $6.79 billion, a PE ratio of 54.89, a price-to-earnings-growth ratio of 3.32 and a beta of 0.78. The company has a 50-day moving average of $372.75 and a two-hundred day moving average of $311.54. CSW Industrials has a 1-year low of $167.81 and a 1-year high of $428.46.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.24%. The ex-dividend date was Friday, October 25th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s dividend payout ratio (DPR) is 13.04%.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $341.37, for a total transaction of $341,370.00. Following the sale, the chief executive officer now owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. This represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 3,000 shares of company stock valued at $1,139,500 over the last 90 days. 1.40% of the stock is owned by company insiders.

Institutional Trading of CSW Industrials

Several hedge funds have recently made changes to their positions in CSWI. GAMMA Investing LLC lifted its position in shares of CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 36 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of CSW Industrials during the third quarter worth about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of CSW Industrials during the third quarter worth about $30,000. Contravisory Investment Management Inc. raised its holdings in CSW Industrials by 48.1% in the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 38 shares in the last quarter. Finally, Peterson Financial Group Inc. acquired a new stake in CSW Industrials in the third quarter valued at approximately $72,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

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.