Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells 1,000 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $310.17, for a total value of $310,170.00. Following the sale, the chief executive officer now owns 65,522 shares of the company's stock, valued at $20,322,958.74. This represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CSW Industrials Stock Down 0.5%

Shares of CSWI traded down $1.46 during mid-day trading on Friday, reaching $305.56. 112,940 shares of the stock traded hands, compared to its average volume of 136,586. The stock has a fifty day simple moving average of $303.11 and a 200 day simple moving average of $335.88. CSW Industrials, Inc. has a 12-month low of $248.90 and a 12-month high of $436.50. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 36.51 and a beta of 0.96.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.01. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. The business had revenue of $230.55 million during the quarter, compared to analyst estimates of $232.82 million. During the same period last year, the business earned $2.04 EPS. On average, equities research analysts expect 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 was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.35%. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date was Friday, April 25th. CSW Industrials's payout ratio is presently 12.84%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CSWI. Citigroup boosted their target price on CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Wall Street Zen lowered shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Truist Financial initiated coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a "hold" rating and a $362.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on shares of CSW Industrials from $295.00 to $305.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, CSW Industrials presently has an average rating of "Hold" and an average price target of $347.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of CSW Industrials in the 4th quarter valued at approximately $18,197,000. Blue Trust Inc. raised its holdings in CSW Industrials by 25.3% in the fourth quarter. Blue Trust Inc. now owns 361 shares of the basic materials company's stock valued at $132,000 after acquiring an additional 73 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in CSW Industrials by 5.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company's stock worth $291,000 after acquiring an additional 46 shares in the last quarter. Congress Asset Management Co. increased its position in shares of CSW Industrials by 1.2% in the 4th quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company's stock worth $72,745,000 after purchasing an additional 2,544 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its stake in shares of CSW Industrials by 40.0% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,500 shares of the basic materials company's stock valued at $1,235,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other 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.