CSW Industrials (NASDAQ:CSWI) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of CSW Industrials (NASDAQ:CSWI) in a report published on Monday, MarketBeat.com reports. The brokerage issued an equal weight rating and a $425.00 price target on the basic materials company’s stock.

Other equities research analysts also recently issued reports about the company. Citigroup raised CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

CSW Industrials Stock Performance

Shares of NASDAQ:CSWI opened at $432.01 on Monday. The company has a market cap of $7.27 billion, a P/E ratio of 58.43, a P/E/G ratio of 3.42 and a beta of 0.78. The stock’s 50-day moving average is $382.05 and its 200-day moving average is $318.54. CSW Industrials has a 52-week low of $172.97 and a 52-week high of $436.50.

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 given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, October 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.22%. CSW Industrials’s dividend payout ratio (DPR) is 13.04%.

Insider Buying and Selling

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

Institutional Investors Weigh In On CSW Industrials

A number of institutional investors have recently added to or reduced their stakes in the company. Anchor Investment Management LLC lifted its stake in CSW Industrials by 2.5% during the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 32 shares during the period. Hsbc Holdings PLC lifted its stake in CSW Industrials by 2.0% during the second quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock worth $461,000 after purchasing an additional 34 shares during the period. Xponance Inc. lifted its stake in CSW Industrials by 3.7% during the second quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 35 shares during the period. GAMMA Investing LLC lifted its stake in CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 36 shares during the period. Finally, Morse Asset Management Inc lifted its stake in CSW Industrials by 2.3% during the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock worth $594,000 after purchasing an additional 36 shares during the period. 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.