StockNews.com Upgrades CSW Industrials (NASDAQ:CSWI) to Buy

StockNews.com upgraded shares of CSW Industrials (NASDAQ:CSWI) from a hold rating to a buy rating in a report published on Friday.

Other equities analysts also recently issued research reports about the stock. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th. Wells Fargo & Company started coverage on CSW Industrials in a research note on Monday, November 25th. They set an “equal weight” rating and a $425.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $437.50.

CSW Industrials Trading Up 1.4 %

Shares of NASDAQ:CSWI opened at $415.77 on Friday. The firm has a 50 day simple moving average of $393.99 and a 200-day simple moving average of $330.74. The company has a market capitalization of $6.99 billion, a PE ratio of 56.49 and a beta of 0.81. CSW Industrials has a twelve month low of $177.06 and a twelve month high of $436.50.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, October 25th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.23%. CSW Industrials’s payout ratio is currently 13.04%.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction 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 transaction, the chief executive officer now directly owns 51,579 shares in the company, valued at $17,607,523.23. This trade represents a 1.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 3,000 shares of company stock valued at $1,139,500. Insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

Several hedge funds have recently made changes to their positions in CSWI. Anchor Investment Management LLC lifted its position in CSW Industrials by 2.5% in the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock valued at $472,000 after purchasing an additional 32 shares during the period. Hsbc Holdings PLC boosted its position in shares of CSW Industrials by 2.0% during the 2nd 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 in the last quarter. Xponance Inc. grew its stake in shares of CSW Industrials by 3.7% during the 2nd 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 increased its holdings in shares of CSW Industrials by 105.9% in the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. Finally, Morse Asset Management Inc lifted its stake in shares of CSW Industrials by 2.3% in the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock valued at $594,000 after purchasing an additional 36 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.