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

CSW Industrials, Inc. (NYSE:CSW) CEO Joseph Armes sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction of $419,280.00. Following the sale, the chief executive officer owned 69,100 shares of the company’s stock, valued at approximately $19,314,832. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CSW Industrials Price Performance

CSW opened at $271.30 on Thursday. The company has a quick ratio of 1.23, a current ratio of 2.60 and a debt-to-equity ratio of 0.80. CSW Industrials, Inc. has a 52-week low of $230.45 and a 52-week high of $337.02. The company has a 50 day moving average of $278.12 and a two-hundred day moving average of $287.99. The company has a market cap of $4.43 billion, a P/E ratio of 40.61 and a beta of 0.84.

CSW Industrials (NYSE:CSW) last posted its earnings results on Tuesday, May 26th. The basic materials company reported $3.14 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.80. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The business had revenue of $308.96 million for the quarter. CSW Industrials’s quarterly revenue was up 34.0% compared to the same quarter last year. On average, analysts expect that CSW Industrials, Inc. will post 12.52 earnings per share for the current year.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, April 24th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio is presently 17.96%.

Analyst Ratings Changes

A number of research analysts have recently commented on CSW shares. Zacks Research raised shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Truist Financial reduced their target price on shares of CSW Industrials from $301.00 to $300.00 and set a “hold” rating on the stock in a research report on Wednesday, May 27th. Wells Fargo & Company boosted their target price on shares of CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Citigroup reduced their target price on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $328.57.

Institutional Trading of CSW Industrials

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new stake in CSW Industrials in the fourth quarter valued at $515,553,000. Capital World Investors acquired a new stake in CSW Industrials in the fourth quarter valued at $308,934,000. Wasatch Advisors LP raised its holdings in 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 acquiring an additional 207,186 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in CSW Industrials in the fourth quarter valued at $237,891,000. Finally, Morgan Stanley acquired a new stake in CSW Industrials in the fourth quarter valued at $196,549,000. 82.79% of the stock is owned by institutional investors and hedge funds.

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.