Insider Selling: CSW Industrials (NYSE:CSW) EVP Sells $249,811.20 in Stock

CSW Industrials, Inc. (NYSE:CSW) EVP Jeff Underwood sold 720 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $346.96, for a total value of $249,811.20. Following the sale, the executive vice president directly owned 6,409 shares in the company, valued at $2,223,666.64. This trade represents a 10.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

CSW Industrials Price Performance

NYSE CSW opened at $343.84 on Friday. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $355.48. The stock has a 50-day moving average of $292.86 and a 200 day moving average of $284.56. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.36 and a current ratio of 2.70. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 47.17 and a beta of 0.83.

CSW Industrials (NYSE:CSW) last posted its earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $0.18. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The business had revenue of $350.65 million for the quarter. The business’s quarterly revenue was up 33.0% on a year-over-year basis. On average, sell-side analysts forecast that CSW Industrials, Inc. will post 12.77 EPS for the current year.

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 0.3%. CSW Industrials’s dividend payout ratio (DPR) is currently 16.46%.

Institutional Investors Weigh In On CSW Industrials

A number of institutional investors have recently bought and sold shares of CSW. AQR Capital Management LLC lifted its position in shares of CSW Industrials by 12.4% in the first quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company’s stock valued at $1,654,000 after acquiring an additional 624 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in CSW Industrials by 20.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock valued at $283,000 after purchasing an additional 162 shares during the period. Yousif Capital Management LLC bought a new stake in CSW Industrials during the 4th quarter valued at approximately $1,457,000. Choreo LLC bought a new stake in CSW Industrials during the 4th quarter valued at approximately $218,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in CSW Industrials in the 4th quarter worth approximately $969,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Ratings Changes

CSW has been the topic of several research reports. Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Zacks Research lowered shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Truist Financial raised their price objective on shares of CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. boosted their target price on shares of CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Wells Fargo & Company upped their target price on shares of CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, CSW Industrials has an average rating of “Moderate Buy” and an average price target of $347.57.

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.