CSW Industrials (NASDAQ:CSWI) Raised to Buy at StockNews.com

StockNews.com upgraded shares of CSW Industrials (NASDAQ:CSWI) from a hold rating to a buy rating in a research note released on Wednesday morning.

Several other analysts also recently weighed in on the company. Wells Fargo & Company assumed coverage on CSW Industrials in a research note on Monday. They set an “equal weight” rating and a $425.00 target price on the stock. Citigroup raised CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th.

CSW Industrials Trading Down 1.5 %

Shares of NASDAQ CSWI opened at $417.23 on Wednesday. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 56.69, a price-to-earnings-growth ratio of 3.46 and a beta of 0.78. CSW Industrials has a 12-month low of $172.97 and a 12-month high of $436.50. The stock’s 50 day simple moving average is $385.50 and its 200 day simple moving average is $321.09.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were given a dividend of $0.24 per share. The ex-dividend date was Friday, October 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 0.23%. CSW Industrials’s dividend payout ratio (DPR) is 13.04%.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Monday, September 16th. The stock was sold at an average price of $341.37, for a total transaction of $341,370.00. Following the transaction, the chief executive officer now directly owns 51,579 shares in the company, valued at approximately $17,607,523.23. This trade represents a 1.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have sold 3,000 shares of company stock worth $1,139,500. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On CSW Industrials

Several hedge funds have recently modified their holdings of CSWI. GAMMA Investing LLC increased its position in shares of CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 36 shares during the period. National Bank of Canada FI acquired a new position in shares of CSW Industrials during the 3rd quarter valued at $28,000. V Square Quantitative Management LLC acquired a new position in shares of CSW Industrials during the 3rd quarter valued at $30,000. Contravisory Investment Management Inc. grew its holdings in shares of CSW Industrials by 48.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 38 shares during the last quarter. Finally, Peterson Financial Group Inc. acquired a new position in shares of CSW Industrials in the 3rd quarter worth $72,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

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.