Joseph B. Armes Sells 1,000 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $289.97, for a total value of $289,970.00. Following the completion of the transaction, the chief executive officer now owns 46,848 shares in the company, valued at $13,584,514.56. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CSW Industrials Trading Down 2.3 %

NASDAQ CSWI traded down $6.73 on Tuesday, hitting $286.11. The company’s stock had a trading volume of 165,420 shares, compared to its average volume of 122,556. CSW Industrials, Inc. has a 52-week low of $221.10 and a 52-week high of $436.50. The company’s 50-day simple moving average is $330.53 and its 200 day simple moving average is $359.65. The firm has a market cap of $4.80 billion, a P/E ratio of 34.18 and a beta of 0.80.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. On average, research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio is currently 11.47%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of CSW Industrials by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company’s stock worth $653,638,000 after acquiring an additional 29,488 shares in the last quarter. State Street Corp raised its position in shares of CSW Industrials by 71.7% in the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after acquiring an additional 255,849 shares in the last quarter. Geode Capital Management LLC raised its position in shares of CSW Industrials by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company’s stock worth $138,983,000 after acquiring an additional 4,899 shares in the last quarter. Northern Trust Corp raised its position in shares of CSW Industrials by 5.6% in the 4th quarter. Northern Trust Corp now owns 217,655 shares of the basic materials company’s stock worth $76,789,000 after acquiring an additional 11,465 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of CSW Industrials by 0.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 207,136 shares of the basic materials company’s stock worth $73,079,000 after acquiring an additional 661 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

Analysts Set New Price Targets

CSWI has been the topic of a number of research analyst reports. Citigroup decreased their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Truist Financial began coverage on CSW Industrials in a research report on Friday, February 14th. They set a “hold” rating and a $362.00 price objective on the stock. Wells Fargo & Company reduced their price objective on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group dropped their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $379.00.

CSW Industrials Company Profile

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.