CSW Industrials (NYSE:CSW) SVP Luke Alverson Sells 500 Shares of Stock

CSW Industrials, Inc. (NYSE:CSW) SVP Luke Alverson sold 500 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $316.02, for a total value of $158,010.00. Following the completion of the sale, the senior vice president owned 12,450 shares of the company’s stock, valued at approximately $3,934,449. The trade was a 3.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, December 2nd, Luke Alverson sold 280 shares of CSW Industrials stock. The shares were sold at an average price of $272.95, for a total value of $76,426.00.

CSW Industrials Trading Down 1.3%

CSW Industrials stock opened at $309.54 on Friday. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $338.90. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 41.05 and a beta of 0.83. The firm has a 50 day moving average of $307.06 and a 200 day moving average of $273.59. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.51). The business had revenue of $232.99 million during the quarter, compared to the consensus estimate of $249.36 million. CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%. As a group, research analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, January 30th. CSW Industrials’s payout ratio is currently 14.32%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a research note on Monday, February 2nd. CJS Securities upgraded CSW Industrials to a “strong-buy” rating in a research report on Thursday, December 11th. The Goldman Sachs Group upped their price target on shares of CSW Industrials from $302.00 to $333.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Truist Financial raised their price target on CSW Industrials from $271.00 to $292.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CSW Industrials in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $318.67.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new stake in shares of CSW Industrials during the fourth quarter valued at $124,000. Parkside Financial Bank & Trust purchased a new stake in CSW Industrials in the 4th quarter worth approximately $72,000. The Manufacturers Life Insurance Company purchased a new stake in CSW Industrials in the 4th quarter worth approximately $2,403,000. Zuckerman Investment Group LLC purchased a new position in shares of CSW Industrials during the 4th quarter valued at approximately $23,441,000. Finally, CANADA LIFE ASSURANCE Co purchased a new stake in CSW Industrials during the fourth quarter worth $4,261,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.