CSW Industrials (NYSE:CSW) CEO Joseph Armes Sells 1,000 Shares

CSW Industrials, Inc. (NYSE:CSW) CEO Joseph Armes sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $250.00, for a total value of $250,000.00. Following the sale, the chief executive officer owned 61,522 shares of the company’s stock, valued at $15,380,500. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

CSW Industrials Trading Up 4.0%

Shares of NYSE CSW opened at $255.89 on Friday. CSW Industrials, Inc. has a one year low of $241.99 and a one year high of $436.50. The firm has a market capitalization of $4.30 billion, a PE ratio of 30.57 and a beta of 0.91. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $268.82 and a two-hundred day moving average price of $290.82.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%.The firm had revenue of $263.65 million during the quarter, compared to analyst estimates of $278.27 million. As a group, analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio is 12.90%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price target on CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Truist Financial set a $273.00 price target on CSW Industrials and gave the company a “hold” rating in a report on Tuesday, August 5th. Zacks Research upgraded CSW Industrials from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. Finally, Citigroup lifted their price target on CSW Industrials from $313.00 to $321.00 and gave the company a “neutral” rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, CSW Industrials has an average rating of “Hold” and a consensus price target of $319.75.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Matrix Trust Co lifted its holdings in shares of CSW Industrials by 91.1% during the second quarter. Matrix Trust Co now owns 86 shares of the basic materials company’s stock worth $25,000 after buying an additional 41 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of CSW Industrials by 517.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 88 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of CSW Industrials by 526.3% in the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. Whittier Trust Co. acquired a new position in shares of CSW Industrials in the first quarter valued at $59,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of CSW Industrials by 27.3% in the second quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 59 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

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.