CSW Industrials (NYSE:CSW) EVP Sells 720 Shares of Stock

CSW Industrials, Inc. (NYSE:CSW) EVP Jeff Underwood sold 720 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $346.96, for a total value of $249,811.20. Following the transaction, the executive vice president directly owned 6,409 shares in the company, valued at approximately $2,223,666.64. This represents a 10.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

CSW Industrials Price Performance

NYSE:CSW traded up $3.43 during mid-day trading on Tuesday, reaching $351.13. The stock had a trading volume of 79,427 shares, compared to its average volume of 151,730. The stock has a market capitalization of $5.72 billion, a P/E ratio of 48.17 and a beta of 0.83. The firm has a 50 day moving average price of $288.29 and a two-hundred day moving average price of $284.16. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.36 and a current ratio of 2.70. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $355.48.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $0.18. The business had revenue of $350.65 million for the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The company’s quarterly revenue was up 33.0% compared to the same quarter last year. As a group, analysts expect that CSW Industrials, Inc. will post 12.77 earnings per share for the current year.

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, July 31st. CSW Industrials’s dividend payout ratio (DPR) is presently 16.46%.

Hedge Funds Weigh In On CSW Industrials

A number of institutional investors have recently added to or reduced their stakes in the company. Nicholas Company Inc. purchased a new position in CSW Industrials during the 4th quarter valued at about $3,290,000. Mawer Investment Management Ltd. purchased a new stake in CSW Industrials in the fourth quarter worth about $4,454,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in CSW Industrials in the fourth quarter worth about $3,635,000. Moody Aldrich Partners LLC purchased a new stake in CSW Industrials in the fourth quarter worth about $5,149,000. Finally, LRT Capital Management LLC bought a new position in shares of CSW Industrials during the fourth quarter valued at approximately $1,550,000. Institutional investors own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

CSW has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Zacks Research lowered CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Truist Financial lifted their price target on CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Citigroup boosted their price objective on CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company increased their price objective on CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CSW Industrials presently has a consensus rating of “Moderate Buy” and a consensus target price of $347.57.

About CSW Industrials

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.