CSW Industrials (NYSE:CSW) EVP Don Sullivan Sells 4,136 Shares

CSW Industrials, Inc. (NYSE:CSW) EVP Don Sullivan sold 4,136 shares of CSW Industrials stock in a transaction on Monday, December 8th. The shares were sold at an average price of $301.41, for a total value of $1,246,631.76. Following the sale, the executive vice president directly owned 18,196 shares of the company’s stock, valued at approximately $5,484,456.36. The trade was a 18.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CSW Industrials Stock Performance

Shares of CSW stock opened at $300.74 on Wednesday. CSW Industrials, Inc. has a fifty-two week low of $230.45 and a fifty-two week high of $406.90. The stock’s 50-day moving average is $254.04 and its two-hundred day moving average is $271.15. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.76 and a quick ratio of 1.32. The firm has a market cap of $5.02 billion, a P/E ratio of 35.30 and a beta of 0.83.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings results on Thursday, October 30th. The basic materials company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.73 by $0.23. CSW Industrials had a return on equity of 14.74% and a net margin of 14.88%. Analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, October 31st. CSW Industrials’s payout ratio is presently 12.68%.

Institutional Investors Weigh In On CSW Industrials

Hedge funds have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC increased its position in CSW Industrials by 34.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 316,464 shares of the basic materials company’s stock worth $92,256,000 after acquiring an additional 81,139 shares during the period. Champlain Investment Partners LLC acquired a new stake in CSW Industrials in the 1st quarter worth $81,194,000. Northern Trust Corp increased its holdings in shares of CSW Industrials by 0.3% during the 1st quarter. Northern Trust Corp now owns 218,208 shares of the basic materials company’s stock worth $63,612,000 after purchasing an additional 553 shares during the period. Invesco Ltd. raised its position in shares of CSW Industrials by 14.2% during the first quarter. Invesco Ltd. now owns 134,726 shares of the basic materials company’s stock valued at $39,275,000 after buying an additional 16,737 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of CSW Industrials by 3.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,482 shares of the basic materials company’s stock valued at $35,414,000 after buying an additional 4,010 shares during the period. 82.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup raised their target price on CSW Industrials from $259.00 to $311.00 and gave the company a “neutral” rating in a report on Monday. Truist Financial raised their price objective on CSW Industrials from $273.00 to $276.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. Zacks Research lowered CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. upgraded CSW Industrials from a “neutral” rating to an “overweight” rating and increased their price target for the company from $300.00 to $350.00 in a report on Wednesday, December 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of CSW Industrials in a research report on Monday. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, CSW Industrials currently has a consensus rating of “Hold” and an average price target of $328.67.

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.