Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) EVP Sells 1,500 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan sold 1,500 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $296.45, for a total value of $444,675.00. Following the transaction, the executive vice president now owns 27,489 shares in the company, valued at approximately $8,149,114.05. This represents a 5.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Don Sullivan also recently made the following trade(s):

• On Monday, March 17th, Don Sullivan sold 2,222 shares of CSW Industrials stock. The stock was sold at an average price of $292.12, for a total transaction of $649,090.64.

CSW Industrials Price Performance

Shares of CSWI stock opened at $298.43 on Friday. CSW Industrials, Inc. has a 1-year low of $231.09 and a 1-year high of $436.50. The company has a 50-day moving average of $296.26 and a two-hundred day moving average of $350.46. The firm has a market cap of $5.01 billion, a PE ratio of 35.65 and a beta of 0.88.

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

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Friday, April 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.24. CSW Industrials’s dividend payout ratio is currently 12.90%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CSWI shares. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup lowered their price objective on shares of CSW Industrials from $364.00 to $313.00 and set a “neutral” rating for the company in a research note on Monday. Truist Financial initiated coverage on shares of CSW Industrials in a report on Friday, February 14th. They issued a “hold” rating and a $362.00 price target on the stock. Wells Fargo & Company cut their price target on CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group cut their target price 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. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, CSW Industrials currently has an average rating of “Hold” and a consensus price target of $342.50.

Hedge Funds Weigh In On CSW Industrials

A number of hedge funds have recently modified their holdings of CSWI. National Bank of Canada FI acquired a new position in CSW Industrials in the 3rd quarter valued at $28,000. Versant Capital Management Inc raised its position 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 acquiring an additional 100 shares during the last quarter. IFP Advisors Inc raised its position in shares of CSW Industrials by 510.5% during the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 97 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of CSW Industrials by 94.3% in the fourth 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 position in CSW Industrials in the 4th quarter valued at about $51,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

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.