CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) SVP Luke Alverson sold 919 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $303.21, for a total transaction of $278,649.99. Following the transaction, the senior vice president now directly owns 14,353 shares in the company, valued at approximately $4,351,973.13. This trade represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
Luke Alverson also recently made the following trade(s):
- On Monday, March 17th, Luke Alverson sold 1,100 shares of CSW Industrials stock. The stock was sold at an average price of $292.12, for a total value of $321,332.00.
CSW Industrials Price Performance
NASDAQ:CSWI opened at $295.36 on Thursday. The company has a 50 day moving average price of $296.83 and a 200-day moving average price of $350.93. CSW Industrials, Inc. has a 1-year low of $229.49 and a 1-year high of $436.50. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 35.29 and a beta of 0.88.
CSW Industrials (NASDAQ:CSWI - Get Free Report) last posted its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.
CSW Industrials Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a dividend of $0.27 per share. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date is Friday, April 25th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.37%. CSW Industrials's dividend payout ratio (DPR) is 12.90%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. The Goldman Sachs Group cut their price target on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Truist Financial began coverage on shares of CSW Industrials in a research report on Friday, February 14th. They set a "hold" rating and a $362.00 target price on the stock. StockNews.com lowered CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Wells Fargo & Company decreased their target price on shares of CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating for the company in a research report on Monday. Finally, Citigroup dropped their price target on CSW Industrials from $364.00 to $313.00 and set a "neutral" rating on the stock in a research note on Monday. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $342.50.
Check Out Our Latest Stock Report on CSWI
Institutional Investors Weigh In On CSW Industrials
Institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI acquired a new stake in shares of CSW Industrials in the third quarter valued at about $28,000. Versant Capital Management Inc boosted its holdings in CSW Industrials by 526.3% in the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock worth $35,000 after buying an additional 100 shares during the last quarter. IFP Advisors Inc increased its stake in CSW Industrials by 510.5% during 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 raised its holdings in shares of 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. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of CSW Industrials in the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 82.79% of the company's stock.
CSW Industrials Company Profile
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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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