CSW Industrials (NYSE:CSW) CEO Joseph Armes Sells 1,500 Shares of Stock

CSW Industrials, Inc. (NYSE:CSW) CEO Joseph Armes sold 1,500 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $286.77, for a total value of $430,155.00. Following the sale, the chief executive officer directly owned 84,494 shares of the company’s stock, valued at $24,230,344.38. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CSW Industrials Stock Down 3.9%

CSW stock opened at $274.15 on Friday. The stock’s fifty day simple moving average is $280.94 and its two-hundred day simple moving average is $278.72. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $338.90. The stock has a market cap of $4.52 billion, a P/E ratio of 36.36 and a beta of 0.84.

CSW Industrials (NYSE:CSW) last announced its earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.51). The business had revenue of $232.99 million for the quarter, compared to analysts’ expectations of $249.36 million. CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. Analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 24th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, April 24th. CSW Industrials’s dividend payout ratio is 15.92%.

Hedge Funds Weigh In On CSW Industrials

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC increased its stake in shares of CSW Industrials by 8.1% in the fourth quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock worth $289,000 after purchasing an additional 74 shares in the last quarter. Arax Advisory Partners purchased a new stake in shares of CSW Industrials during the 4th quarter valued at approximately $28,000. Danske Bank A S purchased a new stake in shares of CSW Industrials during the 4th quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in CSW Industrials in the 4th quarter worth approximately $31,000. Finally, Global Retirement Partners LLC purchased a new position in CSW Industrials in the 4th quarter valued at approximately $31,000. Institutional investors own 82.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CSW shares. Citigroup dropped their target price on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Truist Financial raised their price target on shares of CSW Industrials from $271.00 to $292.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Robert W. Baird initiated coverage on shares of CSW Industrials in a report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 price target on the stock. The Goldman Sachs Group upped their price objective on CSW Industrials from $302.00 to $333.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Finally, Zacks Research lowered CSW Industrials from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $327.14.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.