Don Sullivan Sells 166 Shares of CSW Industrials (NYSE:CSW) Stock

CSW Industrials, Inc. (NYSE:CSW) EVP Don Sullivan sold 166 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total transaction of $49,843.16. Following the completion of the sale, the executive vice president directly owned 21,567 shares in the company, valued at $6,475,707.42. This represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CSW Industrials Price Performance

CSW opened at $291.02 on Friday. The company’s 50 day simple moving average is $280.97 and its 200 day simple moving average is $279.08. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 2.36. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $338.90. The stock has a market capitalization of $4.79 billion, a PE ratio of 38.60 and a beta of 0.84.

CSW Industrials (NYSE:CSW) last released 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). CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%.The company had revenue of $232.99 million during the quarter, compared to analyst estimates of $249.36 million. As a group, sell-side analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 24th will be given a $0.30 dividend. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, April 24th. CSW Industrials’s dividend payout ratio is 14.32%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CSW. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CSW Industrials in a research report on Monday, December 29th. Robert W. Baird began coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price target on the stock. Citigroup reduced their price target on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. The Goldman Sachs Group lifted their price target 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. Finally, Zacks Research cut shares of CSW Industrials from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $327.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. purchased a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $515,553,000. Capital World Investors purchased a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $308,934,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $237,891,000. Morgan Stanley purchased a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $196,549,000. Finally, Wasatch Advisors LP purchased a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $195,630,000. 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.