Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells $298,030.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $298.03, for a total transaction of $298,030.00. Following the completion of the transaction, the chief executive officer now directly owns 66,522 shares of the company’s stock, valued at $19,825,551.66. This represents a 1.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CSW Industrials Stock Up 1.0 %

Shares of CSW Industrials stock opened at $298.43 on Friday. CSW Industrials, Inc. has a 52 week low of $231.09 and a 52 week high of $436.50. The firm’s 50 day moving average is $295.74 and its two-hundred day moving average is $350.01. The firm has a market capitalization of $5.01 billion, a P/E ratio of 35.65 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of CSW Industrials

Institutional investors and hedge funds have recently made changes to their positions in the company. National Bank of Canada FI purchased a new position in CSW Industrials during the 3rd quarter worth approximately $28,000. Versant Capital Management Inc boosted its holdings in shares of CSW Industrials by 526.3% in the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 100 shares during the period. IFP Advisors Inc grew its position in shares of CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 97 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of CSW Industrials by 94.3% in the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 66 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in CSW Industrials in the 4th quarter valued at $51,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

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.