Insider Selling: CSW Industrials (NYSE:CSW) CEO Sells $317,400.00 in Stock

CSW Industrials, Inc. (NYSE:CSW) CEO Joseph Armes sold 1,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $317.40, for a total transaction of $317,400.00. Following the transaction, the chief executive officer owned 64,493 shares in the company, valued at approximately $20,470,078.20. This represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

CSW Industrials Price Performance

CSW opened at $306.01 on Friday. The stock has a fifty day moving average price of $263.09 and a 200 day moving average price of $271.96. The company has a current ratio of 2.76, a quick ratio of 1.32 and a debt-to-equity ratio of 0.05. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $401.02. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 35.92 and a beta of 0.83.

CSW Industrials (NYSE:CSW) last issued its earnings results on Thursday, October 30th. The basic materials company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.23. CSW Industrials had a return on equity of 14.74% and a net margin of 14.88%. Analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were issued a $0.27 dividend. The ex-dividend date was Friday, October 31st. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. CSW Industrials’s dividend payout ratio is currently 12.68%.

Analyst Ratings Changes

Several analysts have commented on the stock. Zacks Research downgraded shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised shares of CSW Industrials from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $300.00 to $350.00 in a research note on Wednesday, December 3rd. Wells Fargo & Company increased their target price on shares of CSW Industrials from $265.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Monday. Citigroup raised their target price on CSW Industrials from $259.00 to $311.00 and gave the company a “neutral” rating in a report on Monday, December 8th. Finally, Jefferies Financial Group set a $350.00 price target on CSW Industrials in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $314.83.

Institutional Investors Weigh In On CSW Industrials

A number of hedge funds have recently bought and sold shares of the company. Matrix Trust Co increased its stake in shares of CSW Industrials by 91.1% in the second quarter. Matrix Trust Co now owns 86 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 41 shares during the period. Harbor Investment Advisory LLC grew its holdings in CSW Industrials by 27.3% in the 2nd quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company’s stock valued at $79,000 after buying an additional 59 shares during the last quarter. GAMMA Investing LLC increased its position in CSW Industrials by 44.6% in the 2nd quarter. GAMMA Investing LLC now owns 428 shares of the basic materials company’s stock worth $123,000 after buying an additional 132 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of CSW Industrials by 20.0% during the first quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock worth $283,000 after buying an additional 162 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in shares of CSW Industrials in the first quarter valued at approximately $305,000. 82.79% of the stock is currently owned by institutional investors.

About CSW Industrials

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.