Robert M. Swartz Sells 200 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $307.21, for a total transaction of $61,442.00. Following the completion of the transaction, the director now owns 13,319 shares in the company, valued at approximately $4,091,729.99. This trade represents a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

CSW Industrials Stock Down 0.7 %

Shares of NASDAQ CSWI traded down $2.07 during midday trading on Monday, reaching $304.02. The company had a trading volume of 216,957 shares, compared to its average volume of 121,109. The stock has a market cap of $5.10 billion, a PE ratio of 36.32 and a beta of 0.84. CSW Industrials, Inc. has a one year low of $221.10 and a one year high of $436.50. The firm’s fifty day moving average price is $343.87 and its 200-day moving average price is $361.39.

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

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.24 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 0.32%. CSW Industrials’s dividend payout ratio is 11.47%.

Hedge Funds Weigh In On CSW Industrials

A number of institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC purchased a new position in shares of CSW Industrials in the 3rd quarter valued at approximately $202,000. Nisa Investment Advisors LLC lifted its position in CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after buying an additional 173 shares during the period. New York State Teachers Retirement System bought a new stake in shares of CSW Industrials during the 3rd quarter valued at $1,429,000. Farther Finance Advisors LLC grew its position in shares of CSW Industrials by 16.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 328 shares of the basic materials company’s stock worth $120,000 after buying an additional 46 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of CSW Industrials by 5.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 2,588 shares of the basic materials company’s stock worth $948,000 after acquiring an additional 128 shares in the last quarter. 82.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CSWI has been the subject of a number of research reports. The Goldman Sachs Group cut their price target 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. Citigroup dropped their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Truist Financial started coverage on CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 target price for the company. Finally, Wells Fargo & Company decreased their price target on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, CSW Industrials currently has an average rating of “Hold” and an average target price of $379.00.

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.