CSW Industrials, Inc. (NASDAQ:CSWI) Director Robert M. Swartz Sells 200 Shares

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) Director Robert M. Swartz sold 200 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $307.21, for a total transaction of $61,442.00. Following the transaction, the director now directly owns 13,319 shares of the company's stock, valued at $4,091,729.99. The trade was a 1.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

CSW Industrials Trading Down 1.2 %

NASDAQ:CSWI traded down $3.48 during trading hours on Friday, hitting $296.66. The company's stock had a trading volume of 22,044 shares, compared to its average volume of 119,555. The stock has a market capitalization of $4.98 billion, a P/E ratio of 35.33 and a beta of 0.84. The stock has a fifty day moving average of $339.24 and a 200-day moving average of $360.45. CSW Industrials, Inc. has a 52-week low of $221.10 and a 52-week high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its earnings results 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, sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

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CSW Industrials Dividend Announcement

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

Analysts Set New Price Targets

CSWI has been the topic of several research reports. Wells Fargo & Company reduced their price target on shares of 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. Truist Financial started coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued a "hold" rating and a $362.00 price target for the company. Citigroup cut their price objective on CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. StockNews.com lowered CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group cut their price target on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, CSW Industrials presently has a consensus rating of "Hold" and a consensus target price of $379.00.

Institutional Investors Weigh In On CSW Industrials

Several hedge funds and other institutional investors have recently bought and sold shares of CSWI. Private Advisor Group LLC purchased a new position in shares of CSW Industrials during the third quarter worth about $202,000. Nisa Investment Advisors LLC grew its stake in CSW Industrials by 508.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company's stock worth $76,000 after buying an additional 173 shares during the last quarter. New York State Teachers Retirement System acquired a new position in CSW Industrials during the third quarter worth approximately $1,429,000. Farther Finance Advisors LLC lifted its stake in CSW Industrials by 16.3% in the third quarter. Farther Finance Advisors LLC now owns 328 shares of the basic materials company's stock valued at $120,000 after buying an additional 46 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of CSW Industrials by 5.2% in the third quarter. Janney Montgomery Scott LLC now owns 2,588 shares of the basic materials company's stock valued at $948,000 after acquiring an additional 128 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

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.