Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) EVP Sells 145 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) EVP James E. Perry sold 145 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $304.00, for a total transaction of $44,080.00. Following the completion of the transaction, the executive vice president now owns 25,468 shares in the company, valued at $7,742,272. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

CSW Industrials Stock Up 0.2%

CSWI stock traded up $0.48 during mid-day trading on Thursday, hitting $304.67. 80,655 shares of the company were exchanged, compared to its average volume of 136,000. The firm has a market capitalization of $5.12 billion, a P/E ratio of 36.40 and a beta of 0.96. The business has a fifty day simple moving average of $303.64 and a 200-day simple moving average of $333.72. CSW Industrials, Inc. has a 12-month low of $249.84 and a 12-month high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share for the quarter, topping analysts' consensus estimates of $2.23 by $0.01. The company had revenue of $230.55 million for the quarter, compared to analysts' expectations of $232.82 million. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. During the same quarter last year, the company earned $2.04 earnings per share. Research analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Friday, April 25th. This is an increase from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's payout ratio is 12.84%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CSWI. Strs Ohio purchased a new position in CSW Industrials in the 1st quarter worth approximately $1,312,000. Intech Investment Management LLC raised its position in shares of CSW Industrials by 22.9% during the 1st quarter. Intech Investment Management LLC now owns 9,537 shares of the basic materials company's stock valued at $2,780,000 after acquiring an additional 1,774 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of CSW Industrials during the 1st quarter valued at approximately $305,000. Fred Alger Management LLC increased its position in CSW Industrials by 5.3% in the first quarter. Fred Alger Management LLC now owns 59,857 shares of the basic materials company's stock worth $17,450,000 after buying an additional 3,006 shares during the period. Finally, Select Equity Group L.P. increased its position in CSW Industrials by 620.6% in the first quarter. Select Equity Group L.P. now owns 38,180 shares of the basic materials company's stock worth $11,130,000 after buying an additional 32,882 shares during the period. Institutional investors and hedge funds own 82.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Truist Financial assumed coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a "hold" rating and a $362.00 target price for the company. Wells Fargo & Company raised their target price on shares of CSW Industrials from $295.00 to $305.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Finally, Citigroup lifted their price objective on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a 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 has an average rating of "Hold" and an average price target of $347.00.

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.