Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) SVP Sells $280,745.31 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson sold 919 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $305.49, for a total value of $280,745.31. Following the transaction, the senior vice president now directly owns 13,434 shares in the company, valued at approximately $4,103,952.66. This represents a 6.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Luke Alverson also recently made the following trade(s):

• On Monday, April 14th, Luke Alverson sold 919 shares of CSW Industrials stock. The shares were sold at an average price of $303.21, for a total value of $278,649.99.
• On Monday, March 17th, Luke Alverson sold 1,100 shares of CSW Industrials stock. The shares were sold at an average price of $292.12, for a total value of $321,332.00.

CSW Industrials Stock Down 0.5%

Shares of NASDAQ:CSWI opened at $305.56 on Friday. The business has a 50 day moving average price of $303.11 and a 200 day moving average price of $335.88. CSW Industrials, Inc. has a twelve month low of $248.90 and a twelve month high of $436.50. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 36.51 and a beta of 0.96.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.01. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. The firm had revenue of $230.55 million during the quarter, compared to the consensus estimate of $232.82 million. During the same quarter in the prior year, the company earned $2.04 EPS. Analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were given a $0.27 dividend. The ex-dividend date was Friday, April 25th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.35%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.24. CSW Industrials’s dividend payout ratio (DPR) is currently 12.84%.

Institutional Trading of CSW Industrials

A number of hedge funds have recently modified their holdings of CSWI. Barclays PLC lifted its position in shares of CSW Industrials by 431.2% in the 3rd quarter. Barclays PLC now owns 29,272 shares of the basic materials company’s stock worth $10,725,000 after acquiring an additional 23,761 shares during the period. SG Americas Securities LLC lifted its position in shares of CSW Industrials by 324.6% in the 4th quarter. SG Americas Securities LLC now owns 3,057 shares of the basic materials company’s stock worth $1,079,000 after acquiring an additional 2,337 shares during the period. Fifth Third Bancorp lifted its position in shares of CSW Industrials by 49.2% in the 4th quarter. Fifth Third Bancorp now owns 367 shares of the basic materials company’s stock worth $129,000 after acquiring an additional 121 shares during the period. Blue Trust Inc. lifted its position in shares of CSW Industrials by 25.3% in the 4th quarter. Blue Trust Inc. now owns 361 shares of the basic materials company’s stock worth $132,000 after acquiring an additional 73 shares during the period. Finally, KBC Group NV lifted its position in shares of CSW Industrials by 60.5% in the 4th quarter. KBC Group NV now owns 706 shares of the basic materials company’s stock worth $249,000 after acquiring an additional 266 shares during the period. Institutional investors own 82.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CSWI shares. Wells Fargo & Company increased their price objective on CSW Industrials from $295.00 to $305.00 and gave the company an “equal weight” rating in a report on Friday, May 23rd. Truist Financial started coverage on CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 price objective on the stock. Citigroup increased their price objective on CSW Industrials from $313.00 to $321.00 and gave the company a “neutral” rating in a report on Friday, May 23rd. Finally, Wall Street Zen downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, CSW Industrials currently has an average rating of “Hold” and an average price target of $347.00.

About CSW Industrials

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.