CSW Industrials (NYSE:CSW) SVP Luke Alverson Sells 500 Shares

CSW Industrials, Inc. (NYSE:CSW) SVP Luke Alverson sold 500 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $316.02, for a total value of $158,010.00. Following the transaction, the senior vice president owned 12,450 shares of the company’s stock, valued at $3,934,449. The trade was a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Luke Alverson also recently made the following trade(s):

• On Tuesday, December 2nd, Luke Alverson sold 280 shares of CSW Industrials stock. The shares were sold at an average price of $272.95, for a total transaction of $76,426.00.

CSW Industrials Trading Down 1.3%

CSW Industrials stock traded down $3.96 during mid-day trading on Friday, hitting $309.54. 161,792 shares of the company’s stock were exchanged, compared to its average volume of 184,676. CSW Industrials, Inc. has a fifty-two week low of $230.45 and a fifty-two week high of $338.90. The company’s 50 day simple moving average is $306.95 and its 200-day simple moving average is $273.41. The firm has a market capitalization of $5.10 billion, a P/E ratio of 41.05 and a beta of 0.83. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings data on Thursday, January 29th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.51). The business had revenue of $232.99 million during the quarter, compared to analyst estimates of $249.36 million. CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. On average, equities analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be paid a $0.27 dividend. The ex-dividend date is Friday, January 30th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. CSW Industrials’s dividend payout ratio (DPR) is currently 14.32%.

Analysts Set New Price Targets

CSW has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of CSW Industrials in a report on Monday, December 29th. Zacks Research lowered CSW Industrials from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. CJS Securities raised CSW Industrials to a “strong-buy” rating in a research note on Thursday, December 11th. Citigroup reduced their target price on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Finally, Wells Fargo & Company cut their target price on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $318.67.

Hedge Funds Weigh In On CSW Industrials

Several large investors have recently bought and sold shares of the stock. Danske Bank A S bought a new position in shares of CSW Industrials during the fourth quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CSW Industrials during the 4th quarter valued at $31,000. Global Retirement Partners LLC bought a new stake in shares of CSW Industrials during the 4th quarter worth $31,000. CWM LLC bought a new position in CSW Industrials during the fourth quarter valued at about $32,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in CSW Industrials during the fourth quarter worth about $34,000. 82.79% of the stock is currently owned by institutional investors.

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.