CSW Industrials, Inc. (NASDAQ:CSWI) EVP Sells $649,090.64 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan sold 2,222 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $649,090.64. Following the transaction, the executive vice president now owns 24,853 shares of the company’s stock, valued at approximately $7,260,058.36. The trade was a 8.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Don Sullivan also recently made the following trade(s):

• On Wednesday, January 15th, Don Sullivan sold 1,800 shares of CSW Industrials stock. The stock was sold at an average price of $377.58, for a total value of $679,644.00.

CSW Industrials Stock Up 0.4 %

Shares of NASDAQ:CSWI opened at $292.66 on Friday. The stock has a market cap of $4.91 billion, a PE ratio of 34.97 and a beta of 0.80. The company’s fifty day moving average is $326.35 and its 200 day moving average is $358.36. CSW Industrials, Inc. has a 52 week low of $225.83 and a 52 week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. Sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is presently 11.47%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Anchor Investment Management LLC boosted its position in CSW Industrials by 2.5% during the 3rd quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock valued at $472,000 after buying an additional 32 shares during the period. Atria Investments Inc boosted its holdings in shares of CSW Industrials by 1.4% during the fourth quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company’s stock worth $835,000 after purchasing an additional 32 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of CSW Industrials by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock worth $1,388,000 after purchasing an additional 34 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in CSW Industrials by 1.0% during the 4th 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 purchasing an additional 35 shares during the period. Finally, Morse Asset Management Inc raised its position in CSW Industrials by 2.3% during the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock valued at $594,000 after purchasing an additional 36 shares during the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSWI has been the subject of several research analyst reports. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Truist Financial assumed coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 price objective for the company. Citigroup reduced their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company dropped their price target on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, The Goldman Sachs Group cut their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.