CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson Sells 919 Shares

CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson sold 919 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $303.21, for a total value of $278,649.99. Following the transaction, the senior vice president now directly owns 14,353 shares in the company, valued at approximately $4,351,973.13. This represents a 6.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Luke Alverson also recently made the following trade(s):

• On Monday, March 17th, Luke Alverson sold 1,100 shares of CSW Industrials stock. The stock was sold at an average price of $292.12, for a total transaction of $321,332.00.

CSW Industrials Price Performance

Shares of CSWI stock opened at $298.43 on Friday. The company has a market capitalization of $5.01 billion, a P/E ratio of 35.65 and a beta of 0.88. The company’s 50-day simple moving average is $296.26 and its two-hundred day simple moving average is $350.46. CSW Industrials, Inc. has a one year low of $231.09 and a one year 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%. On average, research analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The company 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 is an increase from CSW Industrials’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Friday, April 25th. CSW Industrials’s payout ratio is presently 12.90%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSWI. National Bank of Canada FI purchased a new stake in shares of CSW Industrials in the 3rd quarter worth approximately $28,000. IFP Advisors Inc raised its stake in CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after buying an additional 97 shares in the last quarter. Versant Capital Management Inc lifted its holdings in CSW Industrials by 526.3% during the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company’s stock worth $35,000 after buying an additional 100 shares during the period. GAMMA Investing LLC boosted its position in CSW Industrials by 94.3% during the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 66 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of CSW Industrials during the 4th quarter worth $51,000. 82.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.