CSW Industrials (NYSE:CSW) CEO Sells $425,910.00 in Stock

CSW Industrials, Inc. (NYSE:CSW) CEO Joseph Armes sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $283.94, for a total value of $425,910.00. Following the sale, the chief executive officer owned 70,600 shares of the company’s stock, valued at $20,046,164. This trade represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CSW Industrials Trading Down 2.6%

Shares of NYSE CSW opened at $276.84 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.60 and a quick ratio of 0.97. The stock has a market capitalization of $4.52 billion, a P/E ratio of 41.44 and a beta of 0.88. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $337.02. The business has a fifty day moving average price of $275.80 and a 200 day moving average price of $286.04.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.80. The firm had revenue of $308.96 million during the quarter. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The business’s quarterly revenue was up 34.0% on a year-over-year basis. Equities research analysts expect that CSW Industrials, Inc. will post 11.92 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were paid a dividend of $0.30 per share. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, April 24th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is currently 17.96%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CSW. Zacks Research upgraded CSW Industrials from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Citigroup reduced their target price on CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a research report on Wednesday. Wells Fargo & Company upped their target price on CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research report on Wednesday. Truist Financial reduced their target price on CSW Industrials from $301.00 to $300.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $328.57.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Valley Wealth Managers Inc. acquired a new position in shares of CSW Industrials in the first quarter valued at about $26,000. Arax Advisory Partners acquired a new position in shares of CSW Industrials in the fourth quarter valued at about $28,000. Danske Bank A S acquired a new position in shares of CSW Industrials in the fourth quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of CSW Industrials in the fourth quarter valued at about $31,000. Finally, Global Retirement Partners LLC acquired a new position in shares of CSW Industrials in the fourth quarter valued at about $31,000. 82.79% of the stock is owned by institutional investors and hedge funds.

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.