CSW Industrials (NYSE:CSW) EVP Jeff Underwood Sells 720 Shares of Stock

CSW Industrials, Inc. (NYSE:CSW) EVP Jeff Underwood sold 720 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $346.96, for a total value of $249,811.20. Following the transaction, the executive vice president owned 6,409 shares of the company’s stock, valued at approximately $2,223,666.64. The trade was a 10.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

CSW Industrials Stock Up 1.0%

Shares of CSW Industrials stock opened at $351.13 on Wednesday. The firm has a market cap of $5.72 billion, a PE ratio of 48.17 and a beta of 0.83. The business’s 50 day simple moving average is $289.86 and its 200 day simple moving average is $284.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.36 and a current ratio of 2.70. CSW Industrials, Inc. has a 52-week low of $230.45 and a 52-week high of $355.48.

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

CSW Industrials Announces Dividend

The firm 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 dividend of $0.30 per share. 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 is presently 16.46%.

Hedge Funds Weigh In On CSW Industrials

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in CSW Industrials during the second quarter worth $686,462,000. Vanguard Group Inc. bought a new stake in CSW Industrials during the fourth quarter worth $515,553,000. Capital World Investors acquired a new stake in CSW Industrials in the fourth quarter valued at $308,934,000. Wasatch Advisors LP lifted its stake in CSW Industrials by 31.1% in the first quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company’s stock valued at $227,658,000 after acquiring an additional 207,186 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of CSW Industrials in the 4th quarter valued at about $237,891,000. 82.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Zacks Research lowered shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Wells Fargo & Company increased their price objective on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Truist Financial raised their price objective on CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Citigroup lifted their target price on CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.