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

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

Several other research firms have also recently weighed in on CSWI. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th.

CSW Industrials Trading Up 1.3 %

NASDAQ:CSWI opened at $432.01 on Monday. CSW Industrials has a 1 year low of $172.97 and a 1 year high of $436.50. The firm has a 50 day moving average of $382.05 and a 200-day moving average of $318.54. The stock has a market capitalization of $7.27 billion, a P/E ratio of 58.43, a price-to-earnings-growth ratio of 3.42 and a beta of 0.78.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.22%. 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 payout ratio is 13.04%.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Friday, November 15th. The shares were sold at an average price of $404.79, for a total transaction of $404,790.00. Following the completion of the sale, the chief executive officer now owns 50,698 shares of the company’s stock, valued at approximately $20,522,043.42. The trade was a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 3,000 shares of company stock valued at $1,139,500. Company insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

Institutional investors have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co grew its holdings in CSW Industrials by 272.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 7,344 shares of the basic materials company’s stock worth $1,720,000 after acquiring an additional 5,372 shares during the period. Vanguard Group Inc. grew its holdings in CSW Industrials by 39.1% during the 1st quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock worth $284,745,000 after acquiring an additional 340,904 shares during the period. Daymark Wealth Partners LLC acquired a new stake in CSW Industrials during the 2nd quarter worth $478,000. Thrivent Financial for Lutherans grew its holdings in CSW Industrials by 40.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock worth $10,414,000 after acquiring an additional 8,161 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of CSW Industrials by 49.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,376 shares of the basic materials company’s stock valued at $3,018,000 after buying an additional 3,769 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

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.