CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells $404,790.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Friday, November 15th. The shares were sold at an average price of $404.79, for a total value 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

CSW Industrials Price Performance

CSW Industrials stock opened at $403.98 on Friday. CSW Industrials, Inc. has a 1-year low of $167.81 and a 1-year high of $428.46. The business has a fifty day moving average price of $370.37 and a 200-day moving average price of $310.40. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 54.89, a PEG ratio of 3.32 and a beta of 0.78.

CSW Industrials Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a report on Wednesday. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday.

Institutional Investors Weigh In On CSW Industrials

A number of large investors have recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of CSW Industrials by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock valued at $142,536,000 after purchasing an additional 26,728 shares during the last quarter. Barclays PLC raised its holdings in shares of CSW Industrials by 431.2% in the third quarter. Barclays PLC now owns 29,272 shares of the basic materials company’s stock worth $10,725,000 after buying an additional 23,761 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of CSW Industrials by 4.8% in the third quarter. MML Investors Services LLC now owns 1,612 shares of the basic materials company’s stock worth $591,000 after buying an additional 74 shares during the last quarter. Kensington Investment Counsel LLC lifted its stake in shares of CSW Industrials by 2.8% during the third quarter. Kensington Investment Counsel LLC now owns 8,817 shares of the basic materials company’s stock worth $3,230,000 after buying an additional 239 shares during the period. Finally, Zimmer Partners LP purchased a new stake in shares of CSW Industrials during the third quarter valued at $18,796,000. Hedge funds and other 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.