CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) CFO James E. Perry sold 145 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $307.77, for a total transaction of $44,626.65. Following the completion of the transaction, the chief financial officer now directly owns 23,282 shares of the company's stock, valued at approximately $7,165,501.14. This represents a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
CSW Industrials Price Performance
Shares of CSWI stock opened at $304.02 on Tuesday. The stock has a market cap of $5.10 billion, a P/E ratio of 36.32 and a beta of 0.84. The company has a fifty day moving average price of $342.81 and a two-hundred day moving average price of $361.33. CSW Industrials, Inc. has a one year low of $221.10 and a one year high of $436.50.
CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. As a group, equities 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 0.32%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials's dividend payout ratio is presently 11.47%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Citigroup dropped their target price on shares of CSW Industrials from $466.00 to $404.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. Wells Fargo & Company lowered 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. The Goldman Sachs Group lowered their target price on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. StockNews.com downgraded shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Truist Financial assumed coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued a "hold" rating and a $362.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $379.00.
Read Our Latest Analysis on CSW Industrials
Institutional Trading of CSW Industrials
Hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in CSW Industrials by 111.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 51,306 shares of the basic materials company's stock worth $18,101,000 after acquiring an additional 27,042 shares during the period. Sovereign s Capital Management LLC bought a new position in CSW Industrials in the 4th quarter valued at about $403,000. Squarepoint Ops LLC bought a new stake in shares of CSW Industrials during the 4th quarter valued at approximately $2,013,000. Twinbeech Capital LP bought a new stake in shares of CSW Industrials during the 4th quarter valued at approximately $262,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of CSW Industrials during the 4th quarter valued at approximately $252,000. Institutional investors and hedge funds own 82.79% of the company's stock.
About CSW Industrials
(
Get Free Report)
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.
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