CSW Industrials (NASDAQ:CSWI) Rating Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of CSW Industrials (NASDAQ:CSWI) from a buy rating to a hold rating in a research report sent to investors on Monday.

Other equities analysts also recently issued reports about the stock. Citigroup reduced their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group lowered their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company dropped their target price on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and one has 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 $384.67.

CSW Industrials Stock Up 1.6 %

CSW Industrials stock opened at $325.05 on Monday. The business has a 50 day moving average price of $372.14 and a two-hundred day moving average price of $359.71. CSW Industrials has a 12 month low of $217.60 and a 12 month high of $436.50. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 38.84 and a beta of 0.84.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. On average, analysts expect that CSW Industrials will post 8.22 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 0.30%. CSW Industrials’s dividend payout ratio (DPR) is presently 11.47%.

Insiders Place Their Bets

In other news, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $389.78, for a total value of $389,780.00. Following the sale, the chief executive officer now directly owns 49,698 shares of the company’s stock, valued at $19,371,286.44. This represents a 1.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,103 shares of company stock valued at $3,841,894. 1.40% of the stock is currently owned by insiders.

Institutional Trading of CSW Industrials

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 36 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of CSW Industrials during the third quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new stake in shares of CSW Industrials during the third quarter valued at approximately $30,000. IFP Advisors Inc increased its holdings in shares of CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 97 shares in the last quarter. Finally, Peterson Financial Group Inc. bought a new position in CSW Industrials in the 3rd quarter worth approximately $72,000. 82.79% of the stock is currently 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.