CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells $298,030.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $298.03, for a total transaction of $298,030.00. Following the transaction, the chief executive officer now owns 66,522 shares in the company, valued at approximately $19,825,551.66. The trade was a 1.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

CSW Industrials Stock Performance

CSW Industrials stock traded down $2.32 during trading hours on Wednesday, reaching $295.36. 128,078 shares of the company’s stock traded hands, compared to its average volume of 134,424. CSW Industrials, Inc. has a fifty-two week low of $229.49 and a fifty-two week high of $436.50. The firm’s 50 day moving average is $297.43 and its 200-day moving average is $351.32. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 35.29 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (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%. Analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Friday, April 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.24. CSW Industrials’s dividend payout ratio is currently 12.90%.

Hedge Funds Weigh In On CSW Industrials

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSWI. Proficio Capital Partners LLC raised its position in shares of CSW Industrials by 35,553.3% in the 4th quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company’s stock valued at $71,320,000 after acquiring an additional 201,587 shares during the period. Norges Bank bought a new position in shares of CSW Industrials during the fourth quarter worth $59,250,000. Riverbridge Partners LLC acquired a new position in shares of CSW Industrials in the 4th quarter valued at $42,202,000. GAMMA Investing LLC raised its stake in CSW Industrials by 63,348.5% during the 1st quarter. GAMMA Investing LLC now owns 86,290 shares of the basic materials company’s stock worth $25,155,000 after buying an additional 86,154 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in CSW Industrials by 1,046.2% during the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock worth $31,140,000 after acquiring an additional 77,576 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CSW Industrials Company Profile

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.