Robert M. Swartz Sells 200 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.21, for a total transaction of $61,442.00. Following the sale, the director now owns 13,319 shares of the company’s stock, valued at $4,091,729.99. This trade represents a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

CSW Industrials Stock Down 0.7 %

NASDAQ:CSWI opened at $301.81 on Wednesday. CSW Industrials, Inc. has a 12-month low of $221.10 and a 12-month high of $436.50. The firm has a market capitalization of $5.07 billion, a PE ratio of 36.06 and a beta of 0.84. The firm has a 50-day moving average price of $341.64 and a 200 day moving average price of $361.27.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. On average, research analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.32%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is presently 11.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CSWI shares. The Goldman Sachs Group decreased their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Truist Financial assumed coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 target price for the company. Wells Fargo & Company reduced their target price on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Citigroup reduced their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Finally, StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, CSW Industrials presently has an average rating of “Hold” and a consensus target price of $379.00.

Institutional Trading of CSW Industrials

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in CSW Industrials by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company’s stock worth $653,638,000 after buying an additional 29,488 shares during the last quarter. State Street Corp grew its stake in CSW Industrials by 71.7% during the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after buying an additional 255,849 shares during the last quarter. Geode Capital Management LLC grew its stake in CSW Industrials by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company’s stock worth $138,983,000 after buying an additional 4,899 shares during the last quarter. Northern Trust Corp grew its stake in CSW Industrials by 5.6% during the fourth quarter. Northern Trust Corp now owns 217,655 shares of the basic materials company’s stock worth $76,789,000 after buying an additional 11,465 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in CSW Industrials by 0.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 207,136 shares of the basic materials company’s stock worth $73,079,000 after buying an additional 661 shares during the last quarter. 82.79% of the stock is owned by institutional investors.

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.