CSW Industrials (NYSE:CSW) SVP Luke Alverson Sells 1,007 Shares

CSW Industrials, Inc. (NYSE:CSW) SVP Luke Alverson sold 1,007 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $289.57, for a total transaction of $291,596.99. Following the completion of the sale, the senior vice president directly owned 12,450 shares of the company’s stock, valued at $3,605,146.50. This trade represents a 7.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, April 7th, Luke Alverson sold 1,007 shares of CSW Industrials stock. The stock was sold at an average price of $266.11, for a total transaction of $267,972.77.
• On Wednesday, February 11th, Luke Alverson sold 500 shares of CSW Industrials stock. The stock was sold at an average price of $316.02, for a total transaction of $158,010.00.

CSW Industrials Stock Down 3.0%

Shares of NYSE CSW traded down $8.73 during mid-day trading on Monday, reaching $278.42. The company had a trading volume of 136,479 shares, compared to its average volume of 151,289. The stock has a fifty day moving average of $278.33 and a two-hundred day moving average of $282.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 2.36. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 36.93 and a beta of 0.88. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $338.90.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51). The company had revenue of $232.99 million during the quarter, compared to analysts’ expectations of $249.36 million. CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%. As a group, equities research analysts expect that CSW Industrials, Inc. will post 9.9 EPS for the current year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, April 24th. CSW Industrials’s payout ratio is currently 15.92%.

Hedge Funds Weigh In On CSW Industrials

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. bought a new position in shares of CSW Industrials in the fourth quarter valued at approximately $515,553,000. Capital World Investors bought a new position in shares of CSW Industrials in the fourth quarter valued at approximately $308,934,000. Wasatch Advisors LP raised its position in shares of CSW Industrials by 31.1% in the first quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company’s stock valued at $227,658,000 after purchasing an additional 207,186 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in shares of CSW Industrials in the fourth quarter valued at approximately $237,891,000. Finally, Morgan Stanley bought a new position in shares of CSW Industrials in the fourth quarter valued at approximately $196,549,000. Institutional investors own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial increased their price target on shares of CSW Industrials from $292.00 to $301.00 and gave the stock a “hold” rating in a research report on Monday, April 20th. Wells Fargo & Company cut their price objective on shares of CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Monday, February 2nd. The Goldman Sachs Group raised their price objective on shares of CSW Industrials from $302.00 to $333.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Zacks Research lowered shares of CSW Industrials from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Finally, Robert W. Baird assumed coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, CSW Industrials has an average rating of “Hold” and an average target price of $328.43.

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.