CSW Industrials (NYSE:CSW) CEO Joseph Armes Sells 1,500 Shares of Stock

CSW Industrials, Inc. (NYSE:CSW) CEO Joseph Armes sold 1,500 shares of the business’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $287.04, for a total transaction of $430,560.00. Following the completion of the sale, the chief executive officer owned 64,083 shares in the company, valued at $18,394,384.32. This represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CSW Industrials Price Performance

NYSE CSW traded down $2.98 during trading hours on Friday, reaching $288.16. The company’s stock had a trading volume of 132,280 shares, compared to its average volume of 144,620. The stock has a market cap of $4.69 billion, a PE ratio of 39.53 and a beta of 0.81. CSW Industrials, Inc. has a fifty-two week low of $236.66 and a fifty-two week high of $355.48. The company’s 50-day moving average is $308.08 and its two-hundred day moving average is $291.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.36 and a current ratio of 2.70.

CSW Industrials (NYSE:CSW) last posted its earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.18. The firm had revenue of $350.65 million during the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The business’s quarterly revenue was up 33.0% on a year-over-year basis. Analysts forecast that CSW Industrials, Inc. will post 12.53 EPS for the current year.

Institutional Investors Weigh In On CSW Industrials

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in CSW Industrials by 96.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,293 shares of the basic materials company’s stock worth $372,000 after buying an additional 635 shares during the last quarter. Congress Asset Management Co. lifted its holdings in shares of CSW Industrials by 0.4% during the 3rd quarter. Congress Asset Management Co. now owns 301,580 shares of the basic materials company’s stock worth $86,879,000 after acquiring an additional 1,074 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of CSW Industrials by 10.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,534 shares of the basic materials company’s stock worth $984,000 after acquiring an additional 320 shares during the period. Tidal Investments LLC boosted its position in shares of CSW Industrials by 30.9% in the second quarter. Tidal Investments LLC now owns 56,251 shares of the basic materials company’s stock worth $15,655,000 after acquiring an additional 13,287 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of CSW Industrials in the second quarter worth approximately $429,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Zacks Research downgraded shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Wells Fargo & Company lifted their price target on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Wall Street Zen raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Finally, Citigroup upped their price objective on shares of CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CSW Industrials currently has a consensus rating of “Moderate Buy” and an average target price of $347.57.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial products company headquartered in Dallas, Texas. The company develops, manufactures and sells products used in the maintenance, repair, construction and improvement of residential, commercial and industrial infrastructure.

CSW Industrials operates through three primary business segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its product portfolio includes HVAC and refrigeration products, plumbing and electrical solutions, adhesives, sealants, coatings, fire- and smoke-protection products, roofing materials, building components and specialty products designed to support the reliability and performance of industrial equipment and infrastructure.