CSW Industrials (NYSE:CSW) SVP Luke Alverson Sells 1,007 Shares of Stock

CSW Industrials, Inc. (NYSE:CSW) SVP Luke Alverson sold 1,007 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $266.11, for a total transaction of $267,972.77. Following the sale, the senior vice president directly owned 13,457 shares in the company, valued at $3,581,042.27. This trade represents a 6.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Luke Alverson also recently made the following trade(s):

• On Wednesday, February 11th, Luke Alverson sold 500 shares of CSW Industrials stock. The stock was sold at an average price of $316.02, for a total transaction of $158,010.00.

CSW Industrials Trading Up 0.1%

Shares of NYSE:CSW opened at $265.89 on Wednesday. The company’s 50-day moving average price is $278.79 and its two-hundred day moving average price is $277.14. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $338.90. The stock has a market capitalization of $4.38 billion, a PE ratio of 35.26 and a beta of 0.84.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.51). CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%.The business had revenue of $232.99 million for the quarter, compared to the consensus estimate of $249.36 million. On average, equities analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be given a dividend of $0.30 per share. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, April 24th. This represents a $1.20 annualized dividend and a yield of 0.5%. CSW Industrials’s payout ratio is presently 14.32%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Robert W. Baird assumed coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price target on the stock. Wells Fargo & Company cut their price target on shares of CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Monday, February 2nd. Citigroup cut their target price on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. CJS Securities upgraded shares of CSW Industrials to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, The Goldman Sachs Group raised their target price on shares of CSW Industrials from $302.00 to $333.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $327.14.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CSW. Arax Advisory Partners bought a new position in CSW Industrials in the 4th quarter valued at about $28,000. Danske Bank A S bought a new position in CSW Industrials in the 4th quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in CSW Industrials in the 4th quarter valued at about $31,000. Global Retirement Partners LLC bought a new position in CSW Industrials in the 4th quarter valued at about $31,000. Finally, CWM LLC bought a new position in CSW Industrials in the 4th quarter valued at about $32,000. 82.79% of the stock is owned by institutional investors.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.