CSW Industrials (NASDAQ:CSWI) Shares Down 3.7% – Should You Sell?

CSW Industrials, Inc. (NASDAQ:CSWI) shares were down 3.7% on Friday . The stock traded as low as $367.20 and last traded at $366.78. Approximately 34,666 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 90,840 shares. The stock had previously closed at $380.99.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CSWI. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Citigroup decreased their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Wells Fargo & Company cut their price target on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Finally, 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $404.67.

CSW Industrials Stock Performance

The company has a fifty day moving average of $386.89 and a two-hundred day moving average of $355.51. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 50.05 and a beta of 0.85.

CSW Industrials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is currently 13.04%.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $389.78, for a total transaction of $389,780.00. Following the sale, the chief executive officer now directly owns 49,698 shares in the company, valued at approximately $19,371,286.44. The trade was a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the transaction, the director now directly owns 13,719 shares of the company’s stock, valued at $4,865,443.35. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,903 shares of company stock valued at $3,777,538 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC boosted its holdings in CSW Industrials by 40.0% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,500 shares of the basic materials company’s stock worth $1,235,000 after acquiring an additional 1,000 shares during the last quarter. Marietta Wealth Management LLC bought a new stake in shares of CSW Industrials in the 4th quarter worth approximately $653,000. OLD National Bancorp IN increased its stake in CSW Industrials by 3.9% in the 4th quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company’s stock worth $346,000 after purchasing an additional 37 shares during the period. Pacer Advisors Inc. grew its stake in shares of CSW Industrials by 24.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,197 shares of the basic materials company’s stock worth $422,000 after purchasing an additional 233 shares during the last quarter. Finally, KBC Group NV raised its stake in CSW Industrials by 60.5% in the fourth quarter. KBC Group NV now owns 706 shares of the basic materials company’s stock worth $249,000 after buying an additional 266 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

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.