CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes Sells 1,000 Shares

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $289.97, for a total value of $289,970.00. Following the completion of the transaction, the chief executive officer now owns 46,848 shares of the company’s stock, valued at $13,584,514.56. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI opened at $286.11 on Wednesday. The company’s 50 day moving average price is $329.10 and its 200-day moving average price is $359.29. CSW Industrials, Inc. has a 52-week low of $225.83 and a 52-week high of $436.50. The company has a market capitalization of $4.80 billion, a P/E ratio of 34.18 and a beta of 0.80.

CSW Industrials (NASDAQ:CSWI) last released its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. Analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 0.34%. CSW Industrials’s payout ratio is 11.47%.

Institutional Investors Weigh In On CSW Industrials

A number of hedge funds have recently added to or reduced their stakes in CSWI. National Bank of Canada FI bought a new position in shares of CSW Industrials during the 3rd quarter worth approximately $28,000. IFP Advisors Inc lifted its position in shares of CSW Industrials by 510.5% during the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 97 shares during the period. GAMMA Investing LLC lifted its position in shares of CSW Industrials by 94.3% during the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 66 shares during the period. SBI Securities Co. Ltd. bought a new position in CSW Industrials during the fourth quarter worth $51,000. Finally, Jones Financial Companies Lllp grew its holdings in CSW Industrials by 300.0% in the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 123 shares during the period. 82.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on CSWI. Truist Financial started coverage on CSW Industrials in a research report on Friday, February 14th. They issued a “hold” rating and a $362.00 target price for the company. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup decreased their price target on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group cut their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Wells Fargo & Company decreased their price objective on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $379.00.

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.