CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson Sells 1,100 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson sold 1,100 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $321,332.00. Following the sale, the senior vice president now directly owns 13,434 shares in the company, valued at approximately $3,924,340.08. This represents a 7.57 % 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, January 13th, Luke Alverson sold 1,522 shares of CSW Industrials stock. The shares were sold at an average price of $358.16, for a total value of $545,119.52.

CSW Industrials Stock Down 2.3 %

Shares of NASDAQ CSWI opened at $286.11 on Wednesday. The business’s 50 day moving average price is $329.10 and its two-hundred day moving average price is $359.29. The company has a market cap of $4.80 billion, a PE ratio of 34.18 and a beta of 0.80. CSW Industrials, Inc. has a twelve month low of $225.83 and a twelve month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last posted 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 return on equity of 15.72% and a net margin of 15.53%. As a group, research analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Trading of CSW Industrials

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in CSW Industrials by 7.4% during the third quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock worth $142,536,000 after acquiring an additional 26,728 shares during the last quarter. Mutual of America Capital Management LLC bought a new position in shares of CSW Industrials during the third quarter worth approximately $916,000. Raymond James Financial Inc. bought a new position in shares of CSW Industrials during the fourth quarter worth approximately $18,197,000. Charles Schwab Investment Management Inc. lifted its holdings in CSW Industrials by 13.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock worth $61,689,000 after purchasing an additional 19,659 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in CSW Industrials by 40.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock valued at $10,414,000 after buying an additional 8,161 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

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.