Insider Selling: CSW Industrials (NYSE:CSW) CEO Sells $434,370.00 in Stock

CSW Industrials, Inc. (NYSE:CSW) CEO Joseph Armes sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $289.58, for a total transaction of $434,370.00. Following the transaction, the chief executive officer directly owned 62,736 shares in the company, valued at approximately $18,167,090.88. The trade was a 2.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CSW Industrials Stock Down 0.4%

NYSE CSW traded down $1.30 during trading on Wednesday, reaching $288.22. The company’s stock had a trading volume of 168,733 shares, compared to its average volume of 147,555. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $4.70 billion, a PE ratio of 39.54 and a beta of 0.81. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $355.48. The business has a 50-day moving average price of $310.68 and a 200-day moving average price of $287.32.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.66 by $0.18. The company had revenue of $350.65 million for the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The business’s revenue for the quarter was up 33.0% on a year-over-year basis. On average, research analysts forecast that CSW Industrials, Inc. will post 12.77 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, July 31st. CSW Industrials’s dividend payout ratio is presently 16.46%.

Hedge Funds Weigh In On CSW Industrials

Several large investors have recently made changes to their positions in the business. Port Capital LLC acquired a new stake in shares of CSW Industrials during the 2nd quarter worth approximately $1,392,000. Mawer Investment Management Ltd. acquired a new position in shares of CSW Industrials in the fourth quarter valued at $4,454,000. LRT Capital Management LLC acquired a new position in shares of CSW Industrials in the fourth quarter valued at $1,550,000. Norges Bank bought a new position in CSW Industrials in the fourth quarter worth $86,425,000. Finally, Fifth Third Bancorp boosted its stake in CSW Industrials by 19,565.8% during the first quarter. Fifth Third Bancorp now owns 81,023 shares of the basic materials company’s stock worth $21,113,000 after buying an additional 80,611 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

CSW has been the subject of a number of analyst reports. Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Wells Fargo & Company raised their price objective on CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Citigroup upped their target price on CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. increased their price target on CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Zacks Research lowered shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $347.57.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial company that develops, manufactures and sells specialized products serving the building, construction, industrial and energy markets. Its offerings are sold under a portfolio of established brands and are designed for applications including heating, ventilation and air conditioning, refrigeration, plumbing, electrical systems and building safety.

The company operates through three primary business segments: Contractor Solutions, Specialized Reliability Solutions and Engineered Building Solutions.