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

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $298.03, for a total transaction of $298,030.00. Following the completion of the sale, the chief executive officer now owns 66,522 shares of the company's stock, valued at approximately $19,825,551.66. The trade was a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

CSW Industrials Price Performance

Shares of NASDAQ:CSWI traded up $3.07 during mid-day trading on Friday, hitting $298.43. The company had a trading volume of 68,468 shares, compared to its average volume of 134,869. The company has a market capitalization of $5.01 billion, a PE ratio of 35.65 and a beta of 0.88. CSW Industrials, Inc. has a one year low of $231.09 and a one year high of $436.50. The firm has a fifty day moving average price of $295.74 and a 200 day moving average price of $350.01.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating 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%. Research analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be issued a dividend of $0.27 per share. This is an increase from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date is Friday, April 25th. This represents a $1.08 annualized dividend and a dividend yield of 0.36%. CSW Industrials's payout ratio is currently 12.90%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CSWI shares. Truist Financial began coverage on CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 target price on the stock. Citigroup dropped their price target on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group decreased their target price on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their target price on shares of CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, CSW Industrials presently has a consensus rating of "Hold" and an average target price of $342.50.

Institutional Trading of CSW Industrials

Several hedge funds have recently bought and sold shares of the business. Anchor Investment Management LLC raised its stake in shares of CSW Industrials by 2.5% in the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company's stock worth $472,000 after purchasing an additional 32 shares during the last quarter. Atria Investments Inc lifted its stake in CSW Industrials by 1.4% during the 4th quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company's stock valued at $835,000 after acquiring an additional 32 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in CSW Industrials by 0.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company's stock worth $1,388,000 after acquiring an additional 34 shares during the last quarter. Fifth Third Bancorp boosted its holdings in CSW Industrials by 9.3% during the 1st quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company's stock worth $117,000 after acquiring an additional 34 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of CSW Industrials by 1.0% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,590 shares of the basic materials company's stock worth $1,267,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

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.