James E. Perry Sells 145 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) EVP James E. Perry sold 145 shares of CSW Industrials stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $289.10, for a total transaction of $41,919.50. Following the sale, the executive vice president now owns 23,137 shares of the company’s stock, valued at approximately $6,688,906.70. The trade was a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

CSW Industrials Trading Up 2.4 %

Shares of CSWI opened at $303.04 on Thursday. The firm has a market cap of $5.09 billion, a P/E ratio of 36.21 and a beta of 0.88. The stock’s 50 day moving average is $311.29 and its two-hundred day moving average is $357.48. CSW Industrials, Inc. has a 12 month low of $227.31 and a 12 month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 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%. Equities research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CSWI. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. The Goldman Sachs Group decreased their price objective on 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 CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 target price on the stock. Wells Fargo & Company decreased their price target on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, Citigroup dropped their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, CSW Industrials has a consensus rating of “Hold” and an average price target of $379.00.

Institutional Investors Weigh In On CSW Industrials

Large investors have recently bought and sold shares of the company. State Street Corp lifted its position in shares of CSW Industrials by 71.7% in the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after acquiring an additional 255,849 shares in the last quarter. Proficio Capital Partners LLC raised its stake in CSW Industrials by 35,553.3% in the 4th quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company’s stock valued at $71,320,000 after purchasing an additional 201,587 shares during the last quarter. Norges Bank purchased a new position in CSW Industrials in the 4th quarter valued at $59,250,000. Riverbridge Partners LLC acquired a new stake in CSW Industrials during the 4th quarter worth $42,202,000. Finally, Principal Financial Group Inc. grew its holdings in shares of CSW Industrials by 1,046.2% during the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock worth $31,140,000 after buying an additional 77,576 shares in the last quarter. 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.