CSW Industrials, Inc. (NYSE:CSW) Director Robert M. Swartz Sells 200 Shares

Key Points

• Director Robert M. Swartz sold 200 shares of CSW Industrials at an average price of $250.37, reducing his holdings by 1.60% to 12,319 shares.
• The company reported earnings per share of $2.85 for the last quarter, exceeding estimates, but did not meet revenue expectations with $263.65 million against a consensus of $278.27 million.
• CSW Industrials announced a quarterly dividend of $0.27 per share, yielding 0.4%, with a dividend payout ratio of 12.90%.

CSW Industrials, Inc. (NYSE:CSW - Get Free Report) Director Robert M. Swartz sold 200 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $250.37, for a total transaction of $50,074.00. Following the completion of the transaction, the director directly owned 12,319 shares of the company's stock, valued at $3,084,308.03. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CSW Industrials Trading Up 1.3%

NYSE CSW traded up $3.25 during trading hours on Monday, reaching $248.36. The company's stock had a trading volume of 224,656 shares, compared to its average volume of 121,956. The firm has a fifty day simple moving average of $298.25 and a 200-day simple moving average of $307.46. The stock has a market cap of $4.17 billion, a P/E ratio of 29.67 and a beta of 0.91. CSW Industrials, Inc. has a 52 week low of $241.99 and a 52 week high of $436.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 1.48.

CSW Industrials (NYSE:CSW - Get Free Report) last released its earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share for the quarter, beating analysts' consensus estimates of $2.62 by $0.23. The business had revenue of $263.65 million during the quarter, compared to the consensus estimate of $278.27 million. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. Equities analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Friday, July 25th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. CSW Industrials's dividend payout ratio is presently 12.90%.

Institutional Trading of CSW Industrials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSW. Champlain Investment Partners LLC acquired a new stake in shares of CSW Industrials during the 1st quarter worth approximately $81,194,000. GAMMA Investing LLC grew its position in CSW Industrials by 63,348.5% in the 1st quarter. GAMMA Investing LLC now owns 86,290 shares of the basic materials company's stock valued at $25,155,000 after purchasing an additional 86,154 shares during the period. Nuveen LLC purchased a new position in CSW Industrials during the 1st quarter worth $24,711,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in CSW Industrials by 34.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 316,464 shares of the basic materials company's stock valued at $92,256,000 after acquiring an additional 81,139 shares during the period. Finally, Federated Hermes Inc. increased its position in shares of CSW Industrials by 1,539.2% in the first quarter. Federated Hermes Inc. now owns 68,766 shares of the basic materials company's stock worth $20,047,000 after purchasing an additional 64,571 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company dropped their target price on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a report on Friday. Citigroup increased their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $342.00.

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.

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