CSW Industrials (NASDAQ:CSWI) Upgraded by Citigroup to “Hold” Rating

Citigroup upgraded shares of CSW Industrials (NASDAQ:CSWI) to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

Separately, StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI opened at $403.98 on Wednesday. The business has a fifty day moving average of $370.37 and a two-hundred day moving average of $310.40. CSW Industrials has a 52-week low of $167.81 and a 52-week high of $428.46. The stock has a market cap of $6.79 billion, a PE ratio of 54.89, a PEG ratio of 3.32 and a beta of 0.78.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.24%. 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 presently 13.04%.

Insider Buying and Selling

In related news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $341.37, for a total value of $341,370.00. Following the completion of the transaction, the chief executive officer now owns 51,579 shares in the company, valued at $17,607,523.23. The trade was a 1.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 3,000 shares of company stock worth $1,139,500 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Several hedge funds and other institutional investors have recently made changes to their positions in CSWI. GAMMA Investing LLC boosted its holdings in CSW Industrials by 105.9% in the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. National Bank of Canada FI bought a new position in shares of CSW Industrials in the 3rd quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of CSW Industrials during the 3rd quarter worth approximately $30,000. Contravisory Investment Management Inc. raised its stake in shares of CSW Industrials by 48.1% during the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after buying an additional 38 shares during the last quarter. Finally, Peterson Financial Group Inc. acquired a new position in CSW Industrials in the third quarter valued at approximately $72,000. 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.