CSW Industrials (NASDAQ:CSWI) Earns Neutral Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of CSW Industrials (NASDAQ:CSWI) in a research report sent to investors on Friday morning, Marketbeat reports. The firm issued a neutral rating and a $450.00 target price on the basic materials company’s stock.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company began coverage on shares of CSW Industrials in a report on Monday, November 25th. They issued an “equal weight” rating and a $425.00 price target on the stock. Citigroup raised shares of CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. Finally, StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $437.50.

CSW Industrials Price Performance

NASDAQ:CSWI opened at $415.77 on Friday. The company has a market cap of $6.99 billion, a P/E ratio of 56.49 and a beta of 0.81. CSW Industrials has a 1 year low of $177.06 and a 1 year high of $436.50. The stock’s fifty day moving average price is $393.99 and its two-hundred day moving average price is $330.74.

CSW Industrials Increases Dividend

The company also recently announced 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 currently 13.04%.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $404.79, for a total value of $404,790.00. Following the transaction, the chief executive officer now owns 50,698 shares of the company’s stock, valued at $20,522,043.42. This represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 3,000 shares of company stock valued at $1,139,500 over the last 90 days. 1.40% of the stock is owned by insiders.

Institutional Trading of CSW Industrials

Several institutional investors have recently added to or reduced their stakes in the business. State Street Corp boosted its position in CSW Industrials by 71.7% during the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after buying an additional 255,849 shares during the period. Conestoga Capital Advisors LLC boosted its position in CSW Industrials by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company’s stock valued at $211,420,000 after buying an additional 9,781 shares during the period. Geode Capital Management LLC boosted its position in CSW Industrials by 7.4% during the third quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock valued at $142,536,000 after buying an additional 26,728 shares during the period. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in CSW Industrials during the second quarter valued at about $65,595,000. Finally, Congress Asset Management Co. boosted its position in CSW Industrials by 3.8% during the third quarter. Congress Asset Management Co. now owns 203,651 shares of the basic materials company’s stock valued at $74,616,000 after buying an additional 7,405 shares during the period. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

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.