CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells $289,970.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $289.97, for a total transaction of $289,970.00. Following the completion of the transaction, the chief executive officer now directly owns 46,848 shares of the company’s stock, valued at $13,584,514.56. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CSW Industrials Price Performance

Shares of CSWI opened at $292.66 on Friday. The firm has a market capitalization of $4.91 billion, a PE ratio of 34.97 and a beta of 0.80. CSW Industrials, Inc. has a 1-year low of $225.83 and a 1-year high of $436.50. The company’s fifty day moving average price is $326.35 and its 200-day moving average price is $358.36.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data 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 net margin of 15.53% and a return on equity of 15.72%. As a group, research analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.33%. The ex-dividend date was Friday, January 31st. CSW Industrials’s payout ratio is 11.47%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup reduced their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Wells Fargo & Company reduced their price target on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group reduced their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, Truist Financial assumed coverage on CSW Industrials in a research report on Friday, February 14th. They set a “hold” rating and a $362.00 price target on the stock. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $379.00.

Institutional Investors Weigh In On CSW Industrials

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI purchased a new stake in shares of CSW Industrials in the third quarter worth about $28,000. IFP Advisors Inc lifted its holdings in CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 97 shares during the period. GAMMA Investing LLC boosted its position in CSW Industrials by 94.3% in the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 66 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of CSW Industrials during the 4th quarter worth approximately $51,000. Finally, Jones Financial Companies Lllp grew its stake in shares of CSW Industrials by 300.0% during the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 123 shares during the period. 82.79% of the stock is 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.