CSW Industrials (NYSE:CSW) CEO Sells $434,370.00 in Stock

CSW Industrials, Inc. (NYSE:CSW) CEO Joseph Armes sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $289.58, for a total value of $434,370.00. Following the sale, the chief executive officer directly owned 62,736 shares in the company, valued at approximately $18,167,090.88. This represents a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CSW Industrials Price Performance

Shares of CSW Industrials stock opened at $286.77 on Friday. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 39.34 and a beta of 0.81. The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77. The stock’s 50-day simple moving average is $311.44 and its 200-day simple moving average is $287.21. 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 earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company’s quarterly revenue was up 33.0% compared to the same quarter last year. As a group, analysts expect that CSW Industrials, Inc. will post 12.77 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, July 31st. CSW Industrials’s dividend payout ratio (DPR) is 16.46%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CSW. JPMorgan Chase & Co. upped their target price on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Truist Financial lifted their price target on shares of CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Wells Fargo & Company boosted their price target 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. Zacks Research downgraded shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Citigroup raised their price objective on CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $347.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC grew its stake in shares of CSW Industrials by 10.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,534 shares of the basic materials company’s stock worth $984,000 after buying an additional 320 shares in the last quarter. Tidal Investments LLC raised its position in shares of CSW Industrials by 30.9% during the 2nd quarter. Tidal Investments LLC now owns 56,251 shares of the basic materials company’s stock valued at $15,655,000 after buying an additional 13,287 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of CSW Industrials in the 2nd quarter valued at about $429,000. Nykredit A S bought a new position in shares of CSW Industrials in the 2nd quarter valued at about $131,000. Finally, HighTower Advisors LLC grew its position in CSW Industrials by 1,431.5% in the second quarter. HighTower Advisors LLC now owns 20,767 shares of the basic materials company’s stock worth $5,779,000 after acquiring an additional 19,411 shares in the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial company that develops, manufactures and sells specialized products serving the building, construction, industrial and energy markets. Its offerings are sold under a portfolio of established brands and are designed for applications including heating, ventilation and air conditioning, refrigeration, plumbing, electrical systems and building safety.

The company operates through three primary business segments: Contractor Solutions, Specialized Reliability Solutions and Engineered Building Solutions.