CSW Industrials (NYSE:CSW) CEO Sells $419,280.00 in Stock

CSW Industrials, Inc. (NYSE:CSW) CEO Joseph Armes sold 1,500 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $279.52, for a total transaction of $419,280.00. Following the completion of the sale, the chief executive officer owned 69,100 shares of the company’s stock, valued at $19,314,832. The trade was a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CSW Industrials Trading Up 0.9%

CSW Industrials stock traded up $2.45 during midday trading on Tuesday, hitting $275.11. 108,257 shares of the stock were exchanged, compared to its average volume of 147,096. The company has a fifty day simple moving average of $277.76 and a two-hundred day simple moving average of $287.97. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $337.02. The stock has a market capitalization of $4.49 billion, a PE ratio of 41.18 and a beta of 0.84. The company has a quick ratio of 1.23, a current ratio of 2.60 and a debt-to-equity ratio of 0.80.

CSW Industrials (NYSE:CSW) last released its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.80. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The business had revenue of $308.96 million for the quarter. CSW Industrials’s revenue for the quarter was up 34.0% on a year-over-year basis. Equities research analysts anticipate that CSW Industrials, Inc. will post 12.52 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were given a $0.30 dividend. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, April 24th. CSW Industrials’s payout ratio is presently 17.96%.

Wall Street Analysts Forecast Growth

CSW has been the subject of a number of recent analyst reports. Robert W. Baird initiated coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 target price for the company. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Citigroup reduced their price objective on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a research report on Wednesday, May 27th. Wells Fargo & Company lifted their price target on shares of CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Finally, Truist Financial dropped their price objective on CSW Industrials from $301.00 to $300.00 and set a “hold” rating on the stock in a research note on Wednesday, May 27th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $328.57.

Institutional Trading of CSW Industrials

A number of hedge funds have recently bought and sold shares of CSW. Whittier Trust Co. lifted its position in CSW Industrials by 24.8% in the first quarter. Whittier Trust Co. now owns 252 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 50 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of CSW Industrials by 8.1% during the fourth quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock valued at $289,000 after acquiring an additional 74 shares in the last quarter. Arax Advisory Partners bought a new position in shares of CSW Industrials during the fourth quarter valued at approximately $28,000. Danske Bank A S bought a new position in shares of CSW Industrials during the fourth quarter valued at approximately $29,000. Finally, Valley Wealth Managers Inc. bought a new position in shares of CSW Industrials during the first quarter valued at approximately $26,000. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Company Profile

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.