James E. Perry Sells 145 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) CFO James E. Perry sold 145 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $307.77, for a total value of $44,626.65. Following the transaction, the chief financial officer now directly owns 23,282 shares in the company, valued at approximately $7,165,501.14. This represents a 0.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

CSW Industrials Trading Down 1.2 %

Shares of NASDAQ:CSWI traded down $3.48 during mid-day trading on Friday, reaching $296.66. The stock had a trading volume of 22,044 shares, compared to its average volume of 119,555. The firm has a market cap of $4.98 billion, a PE ratio of 35.33 and a beta of 0.84. The firm has a 50 day simple moving average of $339.24 and a two-hundred day simple moving average of $360.45. CSW Industrials, Inc. has a twelve month low of $221.10 and a twelve month high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. On average, equities analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

Remove Ads

CSW Industrials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.24 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 0.32%. CSW Industrials's dividend payout ratio (DPR) is currently 11.47%.

Institutional Investors Weigh In On CSW Industrials

Hedge funds have recently modified their holdings of the business. National Bank of Canada FI bought a new stake in CSW Industrials during the 3rd quarter worth approximately $28,000. IFP Advisors Inc increased its position in shares of CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock worth $42,000 after acquiring an additional 97 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of CSW Industrials by 94.3% during the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock worth $48,000 after acquiring an additional 66 shares during the period. SBI Securities Co. Ltd. bought a new stake in CSW Industrials in the 4th quarter valued at $51,000. Finally, Jones Financial Companies Lllp boosted its stake in CSW Industrials by 300.0% in the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock worth $58,000 after purchasing an additional 123 shares during the period. Institutional investors and hedge funds own 82.79% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CSWI shares. Wells Fargo & Company cut their price target on CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. StockNews.com downgraded shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Truist Financial began coverage on shares of CSW Industrials in a research report on Friday, February 14th. They set a "hold" rating and a $362.00 price target for the company. Citigroup cut their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. Finally, The Goldman Sachs Group lowered their target price on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $379.00.

About CSW Industrials

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.