CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $289.97, for a total value of $289,970.00. Following the transaction, the chief executive officer now directly owns 46,848 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website.
CSW Industrials Price Performance
Shares of CSWI opened at $286.11 on Wednesday. The firm 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 1 year low of $225.83 and a 1 year high of $436.50. The stock's fifty day moving average price is $329.10 and its two-hundred day moving average price is $359.29.
CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. Sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.
CSW Industrials Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued 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 currently 11.47%.
Institutional Investors Weigh In On CSW Industrials
A number of large investors 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 valued at about $28,000. IFP Advisors Inc boosted its stake in CSW Industrials by 510.5% in the fourth 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 grew its position in CSW Industrials by 94.3% during the fourth 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 last quarter. SBI Securities Co. Ltd. purchased a new position in shares of CSW Industrials during the fourth quarter worth approximately $51,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of CSW Industrials by 300.0% in 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.
Analysts Set New Price Targets
A number of analysts have commented on CSWI shares. Truist Financial started coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a "hold" rating and a $362.00 price target for the company. Wells Fargo & Company lowered 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 report on Friday, January 31st. 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 lowered their price objective on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Finally, Citigroup cut their target price on CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $379.00.
Read Our Latest Stock Analysis on CSWI
CSW Industrials Company Profile
(
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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