CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson Sells 919 Shares

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) SVP Luke Alverson sold 919 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $303.21, for a total value of $278,649.99. Following the transaction, the senior vice president now owns 14,353 shares of the company's stock, valued at approximately $4,351,973.13. The trade was a 6.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Luke Alverson also recently made the following trade(s):

• On Monday, March 17th, Luke Alverson sold 1,100 shares of CSW Industrials stock. The stock was sold at an average price of $292.12, for a total value of $321,332.00.

CSW Industrials Stock Performance

Shares of CSWI traded up $3.07 during trading hours on Friday, hitting $298.43. 68,468 shares of the stock were exchanged, compared to its average volume of 134,869. The stock's 50-day moving average price is $295.74 and its two-hundred day moving average price is $350.01. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 35.65 and a beta of 0.88. CSW Industrials, Inc. has a 12-month low of $231.09 and a 12-month high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its 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, research analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be paid a $0.27 dividend. The ex-dividend date is Friday, April 25th. This is an increase from CSW Industrials's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.36%. CSW Industrials's dividend payout ratio (DPR) is 12.90%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC lifted its stake in shares of CSW Industrials by 1.4% in the 3rd quarter. HighTower Advisors LLC now owns 3,524 shares of the basic materials company's stock valued at $1,279,000 after purchasing an additional 47 shares during the last quarter. Morse Asset Management Inc lifted its holdings in shares of CSW Industrials by 2.3% in the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company's stock worth $594,000 after acquiring an additional 36 shares during the last quarter. Stifel Financial Corp boosted its position in shares of CSW Industrials by 14.7% during the 3rd quarter. Stifel Financial Corp now owns 8,505 shares of the basic materials company's stock worth $3,116,000 after purchasing an additional 1,093 shares during the period. National Bank of Canada FI purchased a new stake in CSW Industrials in the third quarter valued at approximately $28,000. Finally, MML Investors Services LLC lifted its stake in CSW Industrials by 4.8% during the third quarter. MML Investors Services LLC now owns 1,612 shares of the basic materials company's stock worth $591,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CSWI shares. StockNews.com lowered CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Wells Fargo & Company dropped their price objective on shares of CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Citigroup reduced their price target on CSW Industrials from $364.00 to $313.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Truist Financial initiated coverage on CSW Industrials in a research note on Friday, February 14th. They issued a "hold" rating and a $362.00 price objective for the company. 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 research report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $342.50.

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.