CSW Industrials (NASDAQ:CSWI) Rating Lowered to Hold at StockNews.com

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

CSW Industrials Stock Performance

Shares of NASDAQ:CSWI opened at $403.98 on Thursday. The company’s fifty day moving average is $372.75 and its two-hundred day moving average is $312.06. CSW Industrials has a 1-year low of $167.81 and a 1-year high of $428.46. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 54.89, a price-to-earnings-growth ratio of 3.24 and a beta of 0.78.

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 $0.24 dividend. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Friday, October 25th. CSW Industrials’s payout ratio is presently 13.04%.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 50,698 shares of the company’s stock, valued at approximately $20,522,043.42. The trade was a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 3,000 shares of company stock valued at $1,139,500. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CSW Industrials

Several hedge funds and other institutional investors have recently made changes to their positions in CSWI. Envestnet Portfolio Solutions Inc. increased its position in 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 valued at $358,000 after acquiring an additional 203 shares during the period. SG Americas Securities LLC acquired a new stake in CSW Industrials in the first quarter worth about $148,000. Sei Investments Co. grew its position in CSW Industrials by 8.6% in the 1st quarter. Sei Investments Co. now owns 52,249 shares of the basic materials company’s stock valued at $12,257,000 after buying an additional 4,126 shares in the last quarter. Russell Investments Group Ltd. increased its stake in CSW Industrials by 20,750.0% during the 1st quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock valued at $196,000 after buying an additional 830 shares during the period. Finally, US Bancorp DE raised its position in shares of CSW Industrials by 8.0% during the 1st quarter. US Bancorp DE now owns 2,330 shares of the basic materials company’s stock worth $547,000 after buying an additional 172 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

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.