CSW Industrials (NYSE:CSW) CEO Sells $250,000.00 in Stock

CSW Industrials, Inc. (NYSE:CSW) CEO Joseph Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $250.00, for a total value of $250,000.00. Following the transaction, the chief executive officer owned 65,493 shares in the company, valued at approximately $16,373,250. The trade was a 1.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CSW Industrials Trading Down 4.0%

NYSE CSW traded down $9.98 on Monday, reaching $241.41. 221,149 shares of the company were exchanged, compared to its average volume of 134,991. 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’s fifty day moving average price is $246.58 and its 200 day moving average price is $276.81. The stock has a market capitalization of $4.03 billion, a P/E ratio of 28.84 and a beta of 0.96. CSW Industrials, Inc. has a fifty-two week low of $230.45 and a fifty-two week high of $436.50.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings results on Thursday, October 30th. The basic materials company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.73 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%. Analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, October 31st. CSW Industrials’s payout ratio is presently 12.68%.

Analysts Set New Price Targets

Several analysts have recently commented on CSW shares. Wells Fargo & Company reduced their price target on shares of CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Zacks Research cut CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Citigroup reduced their target price on CSW Industrials from $261.00 to $259.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. JPMorgan Chase & Co. upped their price target on CSW Industrials from $290.00 to $300.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Truist Financial increased their price target on CSW Industrials from $273.00 to $276.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $304.00.

Institutional Investors Weigh In On CSW Industrials

Hedge funds have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of CSW Industrials by 34.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 316,464 shares of the basic materials company’s stock worth $92,256,000 after acquiring an additional 81,139 shares in the last quarter. Champlain Investment Partners LLC purchased a new position in CSW Industrials in the first quarter valued at $81,194,000. Northern Trust Corp grew its stake in CSW Industrials by 0.3% during the 1st quarter. Northern Trust Corp now owns 218,208 shares of the basic materials company’s stock worth $63,612,000 after purchasing an additional 553 shares in the last quarter. Invesco Ltd. increased its holdings in CSW Industrials by 14.2% during the 1st quarter. Invesco Ltd. now owns 134,726 shares of the basic materials company’s stock worth $39,275,000 after purchasing an additional 16,737 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in CSW Industrials by 3.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,482 shares of the basic materials company’s stock worth $35,414,000 after purchasing an additional 4,010 shares during the period. 82.79% of the stock is currently 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.