CSW Industrials (NASDAQ:CSWI) Earns Equal Weight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of CSW Industrials (NASDAQ:CSWI) in a report published on Monday morning, MarketBeat reports. The brokerage issued an equal weight rating and a $425.00 price target on the basic materials company’s stock.

CSWI has been the subject of a number of other reports. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th.

CSW Industrials Price Performance

Shares of NASDAQ CSWI opened at $417.23 on Monday. The business has a 50-day moving average of $387.95 and a 200-day moving average of $322.42. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 56.69, a PEG ratio of 3.46 and a beta of 0.78. CSW Industrials has a fifty-two week low of $172.97 and a fifty-two week high of $436.50.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date was Friday, October 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s dividend payout ratio is 13.04%.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total transaction of $393,340.00. Following the completion of the sale, the chief executive officer now directly owns 51,698 shares in the company, valued at $20,334,891.32. This trade represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 3,000 shares of company stock valued at $1,139,500 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of CSW Industrials

Several hedge funds and other institutional investors have recently bought and sold shares of CSWI. CANADA LIFE ASSURANCE Co raised its position in shares of CSW Industrials by 272.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 7,344 shares of the basic materials company’s stock valued at $1,720,000 after buying an additional 5,372 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of CSW Industrials by 39.1% in the 1st quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock valued at $284,745,000 after purchasing an additional 340,904 shares in the last quarter. Mutual of America Capital Management LLC bought a new position in shares of CSW Industrials in the 3rd quarter valued at $916,000. Thrivent Financial for Lutherans raised its holdings in shares of CSW Industrials by 40.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock worth $10,414,000 after buying an additional 8,161 shares in the last quarter. Finally, Daymark Wealth Partners LLC bought a new stake in shares of CSW Industrials during the 2nd quarter worth $478,000. 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.