Don Sullivan Sells 1,965 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan sold 1,965 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $760,749.75. Following the completion of the sale, the executive vice president now owns 30,804 shares of the company’s stock, valued at approximately $11,925,768.60. This trade represents a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

CSW Industrials Price Performance

Shares of NASDAQ CSWI opened at $379.74 on Wednesday. CSW Industrials, Inc. has a fifty-two week low of $199.20 and a fifty-two week high of $436.50. The firm has a market capitalization of $6.39 billion, a P/E ratio of 51.60 and a beta of 0.81. The company’s 50 day simple moving average is $397.24 and its 200 day simple moving average is $336.52.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.25%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s dividend payout ratio is 13.04%.

Analyst Ratings Changes

CSWI has been the subject of several research reports. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. The Goldman Sachs Group initiated coverage on CSW Industrials in a report on Friday, December 6th. They set a “neutral” rating and a $450.00 price objective on the stock. Wells Fargo & Company lowered their target price on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Citigroup raised CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, CSW Industrials has an average rating of “Hold” and a consensus price target of $430.00.

Institutional Investors Weigh In On CSW Industrials

A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after buying an additional 36 shares during the last quarter. National Bank of Canada FI acquired a new position in CSW Industrials during the third quarter valued at approximately $28,000. V Square Quantitative Management LLC bought a new stake in CSW Industrials in the third quarter valued at approximately $30,000. Peterson Financial Group Inc. bought a new stake in CSW Industrials in the third quarter valued at approximately $72,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 173 shares in the last quarter. 82.79% of the stock is 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.