CSW Industrials (NASDAQ:CSWI) Upgraded at StockNews.com

StockNews.com upgraded shares of CSW Industrials (NASDAQ:CSWI) from a hold rating to a buy rating in a report released on Friday.

Several other research analysts have also recently weighed in on the company. Wells Fargo & Company started coverage on CSW Industrials in a report on Monday, November 25th. 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $437.50.

CSW Industrials Stock Up 1.4 %

Shares of NASDAQ CSWI opened at $415.77 on Friday. The firm has a 50-day simple moving average of $393.99 and a 200-day simple moving average of $330.74. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 56.49 and a beta of 0.81. CSW Industrials has a 52 week low of $177.06 and a 52 week high of $436.50.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were given 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 yield of 0.23%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s payout ratio is currently 13.04%.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 50,698 shares of the company’s stock, valued at $20,522,043.42. The trade was a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 3,000 shares of company stock worth $1,139,500. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CSW Industrials

A number of institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in CSW Industrials by 71.7% in the 3rd 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. Kayne Anderson Rudnick Investment Management LLC purchased a new position in CSW Industrials in the second quarter valued at $65,595,000. Principal Financial Group Inc. grew its stake in CSW Industrials by 1,046.2% during the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock worth $31,140,000 after purchasing an additional 77,576 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in CSW Industrials during the 3rd quarter worth about $25,589,000. Finally, Franklin Resources Inc. raised its position in CSW Industrials by 2,006.7% in the 3rd quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company’s stock valued at $22,702,000 after purchasing an additional 54,882 shares in the last quarter. 82.79% of the stock is 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.