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 company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $289.58, for a total value of $434,370.00. Following the sale, the chief executive officer owned 62,736 shares of the company’s stock, valued at approximately $18,167,090.88. The trade was a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Trading Down 0.4%

Shares of CSW opened at $288.22 on Thursday. CSW Industrials, Inc. has a twelve month low of $230.45 and a twelve month high of $355.48. The firm has a market capitalization of $4.70 billion, a P/E ratio of 39.54 and a beta of 0.81. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. The stock’s fifty day simple moving average is $311.01 and its 200 day simple moving average is $287.25.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $0.18. The firm had revenue of $350.65 million during the quarter. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.CSW Industrials’s revenue was up 33.0% compared to the same quarter last year. On average, equities research analysts forecast that CSW Industrials, Inc. will post 12.77 earnings per share for the current year.

CSW Industrials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a dividend of $0.30 per share. The ex-dividend date was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials’s payout ratio is presently 16.46%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in CSW Industrials during the 2nd quarter worth $686,462,000. Capital World Investors purchased a new position in CSW Industrials in the 4th quarter valued at about $308,934,000. Wasatch Advisors LP boosted its position in CSW Industrials by 31.1% in the 1st quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company’s stock valued at $227,658,000 after buying an additional 207,186 shares during the last quarter. Geode Capital Management LLC acquired a new stake in shares of CSW Industrials during the fourth quarter valued at about $115,318,000. Finally, First Trust Advisors LP grew its stake in shares of CSW Industrials by 14.5% during the first quarter. First Trust Advisors LP now owns 437,462 shares of the basic materials company’s stock valued at $113,994,000 after acquiring an additional 55,288 shares in the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CSW has been the topic of several research reports. Truist Financial raised their price target on shares of CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Citigroup increased their price objective on shares of CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Wells Fargo & Company raised their target price on shares of CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Zacks Research cut shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $347.57.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial company that develops, manufactures and sells specialized products serving the building, construction, industrial and energy markets. Its offerings are sold under a portfolio of established brands and are designed for applications including heating, ventilation and air conditioning, refrigeration, plumbing, electrical systems and building safety.

The company operates through three primary business segments: Contractor Solutions, Specialized Reliability Solutions and Engineered Building Solutions.