Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) Director Sells 200 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI) Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $289.10, for a total transaction of $57,820.00. Following the completion of the transaction, the director now directly owns 13,119 shares of the company’s stock, valued at approximately $3,792,702.90. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

CSW Industrials Stock Up 1.5 %

CSWI traded up $4.39 during trading hours on Tuesday, hitting $295.91. The stock had a trading volume of 76,810 shares, compared to its average volume of 130,219. The stock has a market cap of $4.97 billion, a PE ratio of 35.35 and a beta of 0.80. CSW Industrials, Inc. has a 1 year low of $226.05 and a 1 year high of $436.50. The company’s fifty day simple moving average is $315.03 and its 200 day simple moving average is $358.15.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating 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, equities analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.32%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio is 11.47%.

Institutional Trading of CSW Industrials

Several institutional investors and hedge funds have recently modified their holdings of the business. National Bank of Canada FI purchased a new position in shares of CSW Industrials during the third quarter worth about $28,000. IFP Advisors Inc grew its stake in CSW Industrials by 510.5% in the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after buying an additional 97 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of CSW Industrials by 94.3% in the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock worth $48,000 after buying an additional 66 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of CSW Industrials during the 4th quarter valued at $51,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of CSW Industrials by 300.0% during the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Ratings Changes

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

CSW Industrials Company Profile

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.