CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) CEO Joseph B. Armes sold 1,000 shares of CSW Industrials 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 transaction, the chief executive officer now owns 46,848 shares in the company, valued at approximately $13,584,514.56. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
CSW Industrials Stock Performance
CSWI traded up $0.13 on Friday, hitting $292.79. 453,569 shares of the company were exchanged, compared to its average volume of 123,959. The company has a market cap of $4.91 billion, a PE ratio of 34.98 and a beta of 0.80. CSW Industrials, Inc. has a 12 month low of $225.83 and a 12 month high of $436.50. The stock's fifty day moving average is $324.96 and its 200-day moving average is $358.05.
CSW Industrials (NASDAQ:CSWI - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. As a group, equities research analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.
CSW Industrials Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.24 per share. The ex-dividend date was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 0.33%. CSW Industrials's dividend payout ratio (DPR) is 11.47%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on CSWI shares. Wells Fargo & Company cut their price objective on CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Truist Financial began coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 price objective on the stock. The Goldman Sachs Group reduced 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 note on Tuesday, January 14th. Finally, Citigroup cut their price target on CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, CSW Industrials presently has an average rating of "Hold" and an average target price of $379.00.
Read Our Latest Report on CSW Industrials
Hedge Funds Weigh In On CSW Industrials
Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of CSW Industrials by 71.7% during the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company's stock worth $224,486,000 after buying an additional 255,849 shares during the period. Proficio Capital Partners LLC lifted its position in CSW Industrials by 35,553.3% during the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock worth $71,320,000 after acquiring an additional 201,587 shares during the last quarter. Norges Bank bought a new stake in shares of CSW Industrials during the fourth quarter worth approximately $59,250,000. Riverbridge Partners LLC acquired a new position in shares of CSW Industrials in the fourth quarter valued at approximately $42,202,000. Finally, Principal Financial Group Inc. increased its stake in shares of CSW Industrials by 1,046.2% during the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company's stock worth $31,140,000 after purchasing an additional 77,576 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.
About CSW Industrials
(
Get Free Report)
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.
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