CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells $289,970.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $289.97, for a total value of $289,970.00. Following the completion of the transaction, the chief executive officer now owns 46,848 shares of the company’s stock, valued at approximately $13,584,514.56. This represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CSW Industrials Price Performance

Shares of NASDAQ:CSWI opened at $292.66 on Friday. The business has a 50 day simple moving average of $326.35 and a two-hundred day simple moving average of $358.36. CSW Industrials, Inc. has a 1 year low of $225.83 and a 1 year high of $436.50. The firm has a market capitalization of $4.91 billion, a PE ratio of 34.97 and a beta of 0.80.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating 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 expect that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio is presently 11.47%.

Analysts Set New Price Targets

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

Institutional Trading of CSW Industrials

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of 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 valued at $653,638,000 after acquiring an additional 29,488 shares in the last quarter. State Street Corp raised its stake in CSW Industrials by 71.7% in 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 in the last quarter. Geode Capital Management LLC raised its stake in CSW Industrials by 1.3% in 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 in the last quarter. Northern Trust Corp raised its stake in CSW Industrials by 5.6% in 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in CSW Industrials by 0.3% in 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 in the last quarter. Institutional investors own 82.79% of the company’s stock.

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.