Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells 1,000 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $298.03, for a total value of $298,030.00. Following the sale, the chief executive officer now directly owns 66,522 shares of the company’s stock, valued at $19,825,551.66. The trade was a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

CSW Industrials Stock Up 1.0 %

Shares of CSWI opened at $298.43 on Friday. CSW Industrials, Inc. has a 52-week low of $231.09 and a 52-week high of $436.50. The company has a market capitalization of $5.01 billion, a PE ratio of 35.65 and a beta of 0.88. The company has a 50-day simple moving average of $295.74 and a 200-day simple moving average of $350.01.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. On average, research analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a $0.27 dividend. The ex-dividend date is Friday, April 25th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 0.36%. CSW Industrials’s dividend payout ratio is currently 12.90%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CSWI. Citigroup cut their price target on CSW Industrials from $364.00 to $313.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group reduced their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Truist Financial initiated coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $342.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CSWI. Anchor Investment Management LLC increased its position in CSW Industrials by 2.5% during the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock worth $472,000 after buying an additional 32 shares in the last quarter. Atria Investments Inc raised its stake in CSW Industrials by 1.4% in the 4th quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company’s stock valued at $835,000 after purchasing an additional 32 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in CSW Industrials by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock valued at $1,388,000 after purchasing an additional 34 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of CSW Industrials by 9.3% during the 1st quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company’s stock worth $117,000 after purchasing an additional 34 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of CSW Industrials by 1.0% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,590 shares of the basic materials company’s stock valued at $1,267,000 after buying an additional 35 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

About CSW Industrials

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.