CSW Industrials (NYSE:CSW) CEO Joseph Armes Sells 1,500 Shares

CSW Industrials, Inc. (NYSE:CSW) CEO Joseph Armes sold 1,500 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $279.52, for a total value of $419,280.00. Following the completion of the sale, the chief executive officer directly owned 69,100 shares in the company, valued at approximately $19,314,832. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CSW Industrials Stock Up 0.9%

Shares of NYSE CSW traded up $2.45 during trading on Tuesday, reaching $275.11. The company had a trading volume of 108,257 shares, compared to its average volume of 147,096. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $337.02. The stock has a market cap of $4.49 billion, a PE ratio of 41.18 and a beta of 0.84. The business’s 50-day moving average is $277.76 and its 200 day moving average is $287.97. 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 earnings results on Tuesday, May 26th. The basic materials company reported $3.14 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.80. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The firm had revenue of $308.96 million for the quarter. CSW Industrials’s quarterly revenue was up 34.0% compared to the same quarter last year. As a group, equities analysts forecast that CSW Industrials, Inc. will post 12.52 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, April 24th. This is an increase 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%. CSW Industrials’s dividend payout ratio is currently 17.96%.

Wall Street Analysts Forecast Growth

CSW has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a report on Wednesday, May 27th. Weiss Ratings upgraded CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Citigroup lowered their price objective on CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a research report on Wednesday, May 27th. Robert W. Baird assumed coverage on shares of CSW Industrials in a research note on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price target on the stock. Finally, Zacks Research raised CSW Industrials from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $328.57.

Institutional Investors Weigh In On CSW Industrials

A number of hedge funds have recently made changes to their positions in the business. Empowered Funds LLC raised its holdings in shares of CSW Industrials by 25.2% during the first quarter. Empowered Funds LLC now owns 2,091 shares of the basic materials company’s stock valued at $545,000 after buying an additional 421 shares during the last quarter. Glenmede Trust Co. NA raised its holdings in shares of CSW Industrials by 9.7% during the first quarter. Glenmede Trust Co. NA now owns 6,382 shares of the basic materials company’s stock valued at $1,663,000 after buying an additional 566 shares during the last quarter. Argent Capital Management LLC raised its holdings in shares of CSW Industrials by 58.7% during the first quarter. Argent Capital Management LLC now owns 3,246 shares of the basic materials company’s stock valued at $846,000 after buying an additional 1,200 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of CSW Industrials by 12.6% during the first quarter. Janus Henderson Group PLC now owns 99,223 shares of the basic materials company’s stock valued at $25,857,000 after buying an additional 11,113 shares during the last quarter. Finally, Amundi raised its holdings in shares of CSW Industrials by 25.4% during the first quarter. Amundi now owns 3,273 shares of the basic materials company’s stock valued at $853,000 after buying an additional 662 shares during the last quarter. 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.