Joseph B. Armes Sells 1,000 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $298.03, for a total value of $298,030.00. Following the completion of the transaction, the chief executive officer now owns 66,522 shares in the company, valued at approximately $19,825,551.66. This represents a 1.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CSW Industrials Price Performance

Shares of CSWI opened at $298.43 on Friday. The business has a 50-day moving average of $296.26 and a 200-day moving average of $350.46. CSW Industrials, Inc. has a 1 year low of $231.09 and a 1 year high of $436.50. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 35.65 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. As a group, sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be given a dividend of $0.27 per share. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, April 25th. This represents a $1.08 annualized dividend and a dividend yield of 0.36%. CSW Industrials’s dividend payout ratio is presently 12.90%.

Institutional Investors Weigh In On CSW Industrials

Hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC increased its stake in shares of CSW Industrials by 1.4% in the 3rd quarter. HighTower Advisors LLC now owns 3,524 shares of the basic materials company’s stock valued at $1,279,000 after acquiring an additional 47 shares in the last quarter. Morse Asset Management Inc boosted its position in shares of CSW Industrials by 2.3% during the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock worth $594,000 after purchasing an additional 36 shares in the last quarter. Stifel Financial Corp grew its stake in shares of CSW Industrials by 14.7% in the 3rd quarter. Stifel Financial Corp now owns 8,505 shares of the basic materials company’s stock valued at $3,116,000 after buying an additional 1,093 shares during the period. National Bank of Canada FI bought a new stake in CSW Industrials in the 3rd quarter valued at about $28,000. Finally, MML Investors Services LLC boosted its holdings in CSW Industrials by 4.8% in the third quarter. MML Investors Services LLC now owns 1,612 shares of the basic materials company’s stock worth $591,000 after acquiring an additional 74 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CSWI has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating for the company in a research report on Monday. Citigroup cut their price objective on CSW Industrials from $364.00 to $313.00 and set a “neutral” rating on the stock in a report on Monday. Truist Financial began coverage on CSW Industrials in a report on Friday, February 14th. They issued a “hold” rating and a $362.00 target price for the company. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, CSW Industrials presently has a consensus rating of “Hold” and an average price target of $342.50.

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.