Joseph Armes Sells 1,000 Shares of CSW Industrials (NYSE:CSW) Stock

CSW Industrials, Inc. (NYSE:CSW) CEO Joseph Armes sold 1,000 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $250.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief executive officer owned 65,493 shares in the company, valued at approximately $16,373,250. The trade was a 1.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

CSW Industrials Stock Performance

Shares of CSW opened at $240.78 on Wednesday. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The firm’s fifty day simple moving average is $245.85 and its two-hundred day simple moving average is $275.72. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $436.50. The stock has a market capitalization of $4.02 billion, a P/E ratio of 28.77 and a beta of 0.96.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings data on Thursday, October 30th. The basic materials company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.73 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%. As a group, analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

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

Hedge Funds Weigh In On CSW Industrials

Several large investors have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC boosted its stake in CSW Industrials by 34.5% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 316,464 shares of the basic materials company’s stock valued at $92,256,000 after purchasing an additional 81,139 shares during the last quarter. Champlain Investment Partners LLC purchased a new position in shares of CSW Industrials during the first quarter valued at approximately $81,194,000. Northern Trust Corp boosted its position in shares of CSW Industrials by 0.3% during the first quarter. Northern Trust Corp now owns 218,208 shares of the basic materials company’s stock valued at $63,612,000 after buying an additional 553 shares during the last quarter. Invesco Ltd. grew its holdings in CSW Industrials by 14.2% during the first quarter. Invesco Ltd. now owns 134,726 shares of the basic materials company’s stock worth $39,275,000 after buying an additional 16,737 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in CSW Industrials by 3.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,482 shares of the basic materials company’s stock valued at $35,414,000 after buying an additional 4,010 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on CSW shares. Wells Fargo & Company lowered their price objective on shares of CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CSW Industrials in a research note on Monday. Truist Financial upped their price objective on shares of CSW Industrials from $273.00 to $276.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. Citigroup reduced their target price on CSW Industrials from $261.00 to $259.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Finally, Zacks Research downgraded CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $304.00.

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.