CSW Industrials, Inc. (NASDAQ:CSWI) EVP Sells $498,240.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan sold 1,500 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $332.16, for a total value of $498,240.00. Following the sale, the executive vice president now directly owns 25,989 shares in the company, valued at $8,632,506.24. This trade represents a 5.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Don Sullivan also recently made the following trade(s):

• On Tuesday, April 15th, Don Sullivan sold 1,500 shares of CSW Industrials stock. The stock was sold at an average price of $296.45, for a total value of $444,675.00.
• On Monday, March 17th, Don Sullivan sold 2,222 shares of CSW Industrials stock. The shares were sold at an average price of $292.12, for a total value of $649,090.64.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI opened at $331.23 on Friday. CSW Industrials, Inc. has a fifty-two week low of $240.21 and a fifty-two week high of $436.50. The company has a market cap of $5.56 billion, a PE ratio of 39.57 and a beta of 0.96. The business has a 50-day simple moving average of $299.66 and a two-hundred day simple moving average of $341.21.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, April 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 0.33%. CSW Industrials’s dividend payout ratio (DPR) is 12.90%.

Analyst Upgrades and Downgrades

Several analysts have commented on CSWI shares. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup decreased their target price on shares of CSW Industrials from $364.00 to $313.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Truist Financial assumed coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 target price for the company. Finally, Wells Fargo & Company cut their price target on shares of CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, CSW Industrials currently has an average rating of “Hold” and an average price target of $342.50.

Institutional Trading of CSW Industrials

Large investors have recently bought and sold shares of the stock. Champlain Investment Partners LLC purchased a new position in shares of CSW Industrials in the first quarter worth $81,194,000. Proficio Capital Partners LLC raised its stake in CSW Industrials by 35,553.3% in the 4th quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company’s stock worth $71,320,000 after acquiring an additional 201,587 shares during the last quarter. Norges Bank purchased a new position in CSW Industrials in the 4th quarter worth $59,250,000. Riverbridge Partners LLC acquired a new stake in CSW Industrials during the 4th quarter worth about $42,202,000. Finally, GAMMA Investing LLC grew its stake in CSW Industrials by 63,348.5% during the 1st quarter. GAMMA Investing LLC now owns 86,290 shares of the basic materials company’s stock valued at $25,155,000 after purchasing an additional 86,154 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

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.