CSW Industrials (NYSE:CSW) CEO Sells 1,000 Shares

CSW Industrials, Inc. (NYSE:CSW) CEO Joseph Armes sold 1,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $317.40, for a total transaction of $317,400.00. Following the completion of the transaction, the chief executive officer directly owned 64,493 shares in the company, valued at $20,470,078.20. This represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

CSW Industrials Stock Performance

Shares of CSW stock traded down $5.11 during mid-day trading on Tuesday, hitting $311.46. The stock had a trading volume of 236,391 shares, compared to its average volume of 138,932. CSW Industrials, Inc. has a fifty-two week low of $230.45 and a fifty-two week high of $401.02. The firm has a market cap of $5.20 billion, a PE ratio of 36.56 and a beta of 0.83. 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 company’s 50-day simple moving average is $259.16 and its 200-day simple moving average is $271.41.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings results on Thursday, October 30th. The basic materials company reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $0.23. CSW Industrials had a net margin of 14.88% and a return on equity of 14.74%. Sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, October 31st. CSW Industrials’s dividend payout ratio is 12.68%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CSW. CJS Securities upgraded CSW Industrials to a “strong-buy” rating in a research note on Thursday, December 11th. JPMorgan Chase & Co. raised CSW Industrials from a “neutral” rating to an “overweight” rating and raised their target price for the company from $300.00 to $350.00 in a report on Wednesday, December 3rd. Zacks Research cut shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $302.00 price target on shares of CSW Industrials in a report on Tuesday. Finally, Truist Financial boosted their price objective on shares of CSW Industrials from $273.00 to $276.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, CSW Industrials has a consensus rating of “Hold” and an average price target of $314.83.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Matrix Trust Co raised its stake in shares of CSW Industrials by 91.1% during the 2nd quarter. Matrix Trust Co now owns 86 shares of the basic materials company’s stock worth $25,000 after buying an additional 41 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in CSW Industrials by 27.3% during the 2nd quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company’s stock valued at $79,000 after acquiring an additional 59 shares in the last quarter. GAMMA Investing LLC increased its holdings in CSW Industrials by 44.6% during the 2nd quarter. GAMMA Investing LLC now owns 428 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 132 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in CSW Industrials by 20.0% during the first quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock worth $283,000 after acquiring an additional 162 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of CSW Industrials in the first quarter valued at about $305,000. 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.