Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) EVP Sells 1,500 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan sold 1,500 shares of CSW Industrials stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $332.16, for a total transaction of $498,240.00. Following the completion of the transaction, the executive vice president now owns 25,989 shares in the company, valued at $8,632,506.24. This trade represents a 5.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Don Sullivan also recently made the following trade(s):

• On Tuesday, April 15th, Don Sullivan sold 1,500 shares of CSW Industrials stock. The stock was sold at an average price of $296.45, for a total value of $444,675.00.
• On Monday, March 17th, Don Sullivan sold 2,222 shares of CSW Industrials stock. The stock was sold at an average price of $292.12, for a total transaction of $649,090.64.

CSW Industrials Stock Down 2.8%

NASDAQ:CSWI opened at $327.17 on Friday. The stock’s fifty day simple moving average is $298.92 and its 200-day simple moving average is $341.56. The firm has a market capitalization of $5.49 billion, a P/E ratio of 39.09 and a beta of 0.96. CSW Industrials, Inc. has a 12-month low of $239.67 and a 12-month high of $436.50.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.33%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, April 25th. CSW Industrials’s dividend payout ratio (DPR) is currently 12.90%.

Hedge Funds Weigh In On CSW Industrials

Several institutional investors and hedge funds have recently made changes to their positions in CSWI. Raymond James Financial Inc. bought a new stake in shares of CSW Industrials in the fourth quarter worth about $18,197,000. Blue Trust Inc. raised its position in CSW Industrials by 25.3% in the 4th quarter. Blue Trust Inc. now owns 361 shares of the basic materials company’s stock valued at $132,000 after buying an additional 73 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in CSW Industrials by 5.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company’s stock valued at $291,000 after acquiring an additional 46 shares in the last quarter. Congress Asset Management Co. boosted its position in CSW Industrials by 1.2% during the 4th quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company’s stock worth $72,745,000 after acquiring an additional 2,544 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its position in CSW Industrials by 40.0% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,500 shares of the basic materials company’s stock valued at $1,235,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Wall Street Analysts Forecast Growth

CSWI has been the subject of a number of research reports. Truist Financial initiated coverage on CSW Industrials in a research report on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Citigroup decreased their price objective on shares of CSW Industrials from $364.00 to $313.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, CSW Industrials currently has an average rating of “Hold” and an average target price of $342.50.

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.