Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells 1,000 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $232.69, for a total value of $232,690.00. Following the transaction, the chief executive officer now owns 56,579 shares of the company’s stock, valued at $13,165,367.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CSW Industrials Trading Up 0.7 %

Shares of CSWI traded up $1.55 during mid-day trading on Thursday, reaching $233.98. 98,224 shares of the company were exchanged, compared to its average volume of 95,004. CSW Industrials, Inc. has a 52 week low of $132.06 and a 52 week high of $243.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 2.77. The stock has a market capitalization of $3.63 billion, a PE ratio of 37.97, a PEG ratio of 1.92 and a beta of 0.73. The business has a 50 day simple moving average of $231.83 and a two-hundred day simple moving average of $205.17.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.10). CSW Industrials had a return on equity of 18.47% and a net margin of 12.47%. The company had revenue of $174.97 million for the quarter, compared to the consensus estimate of $180.80 million. On average, analysts predict that CSW Industrials, Inc. will post 6.83 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be issued a $0.21 dividend. This is an increase from CSW Industrials’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Thursday, April 25th. CSW Industrials’s payout ratio is presently 12.20%.

Institutional Investors Weigh In On CSW Industrials

Hedge funds have recently added to or reduced their stakes in the business. Dark Forest Capital Management LP bought a new stake in CSW Industrials in the third quarter worth approximately $395,000. Jump Financial LLC increased its holdings in CSW Industrials by 62.0% in the third quarter. Jump Financial LLC now owns 9,559 shares of the basic materials company’s stock worth $1,675,000 after purchasing an additional 3,659 shares in the last quarter. Vaughan David Investments LLC IL bought a new stake in CSW Industrials in the fourth quarter worth approximately $207,000. SG Americas Securities LLC bought a new stake in CSW Industrials in the third quarter worth approximately $735,000. Finally, Cullen Frost Bankers Inc. bought a new stake in CSW Industrials in the third quarter worth approximately $51,000. 82.79% of the stock is currently owned by 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.