Insider Selling: CSW Industrials (NYSE:CSW) CEO Sells 1,000 Shares of Stock

CSW Industrials, Inc. (NYSE:CSW) CEO Joseph Armes sold 1,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $328.64, for a total transaction of $328,640.00. Following the sale, the chief executive officer directly owned 62,526 shares in the company, valued at $20,548,544.64. This trade represents a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

CSW Industrials Trading Up 0.7%

CSW stock traded up $2.40 during trading on Friday, hitting $331.34. The company had a trading volume of 202,714 shares, compared to its average volume of 164,017. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 38.89 and a beta of 0.82. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $401.02. The company has a quick ratio of 1.32, a current ratio of 2.76 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $290.01 and a 200-day moving average price of $272.64.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings results on Thursday, October 30th. The basic materials company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.23. CSW Industrials had a return on equity of 14.74% and a net margin of 14.88%. As a group, analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, January 30th. CSW Industrials’s payout ratio is 12.68%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Congress Asset Management Co. bought a new stake in shares of CSW Industrials in the fourth quarter worth about $65,002,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of CSW Industrials during the 4th quarter valued at about $53,434,000. Allspring Global Investments Holdings LLC acquired a new position in shares of CSW Industrials in the 4th quarter valued at approximately $41,461,000. SG Americas Securities LLC bought a new stake in CSW Industrials during the 4th quarter worth approximately $39,915,000. Finally, Riverbridge Partners LLC acquired a new stake in CSW Industrials during the 4th quarter worth approximately $38,280,000. 82.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CSW. Zacks Research lowered shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Citigroup lifted their price objective on CSW Industrials from $311.00 to $333.00 and gave the stock a “neutral” rating in a research note on Monday. Wells Fargo & Company increased their target price on CSW Industrials from $265.00 to $300.00 and gave the company an “equal weight” rating in a research note on Monday, December 15th. JPMorgan Chase & Co. upgraded CSW Industrials from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $300.00 to $350.00 in a research report on Wednesday, December 3rd. Finally, Jefferies Financial Group set a $350.00 price target on CSW Industrials in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, CSW Industrials presently has an average rating of “Hold” and a consensus price target of $323.67.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.