CSW Industrials (NASDAQ:CSWI) Shares Gap Down – What’s Next?

CSW Industrials, Inc. (NASDAQ:CSWI)’s share price gapped down before the market opened 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 trading hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CSWI shares. The Goldman Sachs Group lowered their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Wells Fargo & Company dropped their price target on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Friday. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Finally, Citigroup lowered their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $384.67.

CSW Industrials Price Performance

The stock has a market cap of $5.55 billion, a P/E ratio of 44.81 and a beta of 0.85. The stock’s 50-day moving average is $378.25 and its two-hundred day moving average is $358.58.

CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 17.07% and a net margin of 13.77%. On average, analysts anticipate that CSW Industrials, Inc. will post 8.22 EPS for the current fiscal year.

CSW Industrials Announces Dividend

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

Insider Activity

In related news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the completion of the sale, the director now owns 13,719 shares in the company, valued at $4,865,443.35. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was 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 in the company, valued at $20,522,043.42. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,903 shares of company stock valued at $3,777,538. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of CSW Industrials

Several institutional investors and hedge funds have recently modified their holdings of CSWI. Squarepoint Ops LLC bought a new position in CSW Industrials in the second quarter worth approximately $2,147,000. The Manufacturers Life Insurance Company grew its stake in shares of CSW Industrials by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 8,759 shares of the basic materials company’s stock worth $2,324,000 after acquiring an additional 378 shares during the last quarter. Algert Global LLC purchased a new position in shares of CSW Industrials in the 2nd quarter valued at approximately $415,000. Creative Planning boosted its stake in CSW Industrials by 47.8% in the 2nd quarter. Creative Planning now owns 5,346 shares of the basic materials company’s stock worth $1,418,000 after purchasing an additional 1,729 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of CSW Industrials in the second quarter worth $1,061,000. Institutional investors 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.