Insider Selling: CSW Industrials (NYSE:CSW) CEO Sells $419,280.00 in Stock

CSW Industrials, Inc. (NYSE:CSW) CEO Joseph Armes sold 1,500 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $279.52, for a total value of $419,280.00. Following the sale, the chief executive officer directly owned 69,100 shares of the company’s stock, valued at $19,314,832. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CSW Industrials Stock Up 3.3%

CSW stock opened at $279.74 on Friday. The stock’s fifty day simple moving average is $278.40 and its two-hundred day simple moving average is $288.05. The company has a current ratio of 2.60, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $337.02. The stock has a market cap of $4.57 billion, a P/E ratio of 41.88 and a beta of 0.84.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.80. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The firm had revenue of $308.96 million during the quarter. The business’s revenue was up 34.0% on a year-over-year basis. Analysts expect that CSW Industrials, Inc. will post 12.52 EPS for the current year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were given a dividend of $0.30 per share. The ex-dividend date was Friday, April 24th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is currently 17.96%.

Analyst Ratings Changes

CSW has been the topic of several research reports. Zacks Research raised shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Truist Financial decreased their price target on shares of CSW Industrials from $301.00 to $300.00 and set a “hold” rating for the company in a research note on Wednesday, May 27th. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Wells Fargo & Company upped their price objective on CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Finally, Citigroup reduced their price objective on CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, CSW Industrials currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.57.

Hedge Funds Weigh In On CSW Industrials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSW. Vanguard Group Inc. bought a new stake in shares of CSW Industrials in the fourth quarter valued at approximately $515,553,000. Capital World Investors bought a new position in CSW Industrials in the 4th quarter worth approximately $308,934,000. Wasatch Advisors LP grew its stake in CSW Industrials by 31.1% in the 1st quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company’s stock valued at $227,658,000 after buying an additional 207,186 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in CSW Industrials during the 4th quarter valued at $237,891,000. Finally, Morgan Stanley bought a new stake in CSW Industrials during the 4th quarter valued at $196,549,000. Institutional investors own 82.79% of the company’s stock.

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.