CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan Sells 1,500 Shares

CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $296.45, for a total transaction of $444,675.00. Following the completion of the sale, the executive vice president now owns 27,489 shares of the company’s stock, valued at $8,149,114.05. This trade represents a 5.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Don Sullivan also recently made the following trade(s):

• On Monday, March 17th, Don Sullivan sold 2,222 shares of CSW Industrials stock. The stock was sold at an average price of $292.12, for a total value of $649,090.64.

CSW Industrials Price Performance

Shares of CSW Industrials stock opened at $295.36 on Thursday. CSW Industrials, Inc. has a 1 year low of $229.49 and a 1 year high of $436.50. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 35.29 and a beta of 0.88. The firm’s 50-day moving average is $296.83 and its two-hundred day moving average is $350.93.

CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. On average, equities analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.37%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, April 25th. CSW Industrials’s dividend payout ratio is presently 12.90%.

Analyst Ratings Changes

CSWI has been the topic of several research analyst reports. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Truist Financial initiated coverage on shares of CSW Industrials in a report on Friday, February 14th. They issued a “hold” rating and a $362.00 price target on the stock. Wells Fargo & Company decreased 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 report on Monday. Citigroup dropped their target price on shares of CSW Industrials from $364.00 to $313.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, The Goldman Sachs Group decreased their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $342.50.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CSWI. Azzad Asset Management Inc. ADV purchased a new position in CSW Industrials in the first quarter worth $930,000. Defined Financial Planning LLC acquired a new stake in shares of CSW Industrials in the 1st quarter worth $262,000. Fifth Third Bancorp grew its stake in CSW Industrials by 9.3% during the 1st quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company’s stock worth $117,000 after buying an additional 34 shares during the last quarter. GAMMA Investing LLC increased its position in CSW Industrials by 117.6% during the 1st quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company’s stock valued at $86,000 after buying an additional 160 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in CSW Industrials by 0.8% in the first quarter. Harbor Capital Advisors Inc. now owns 29,858 shares of the basic materials company’s stock valued at $8,704,000 after buying an additional 241 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

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.