CSW Industrials (NYSE:CSW) EVP Don Sullivan Sells 1,067 Shares

Key Points

• Don Sullivan, EVP of CSW Industrials, sold 1,067 shares of the company's stock on August 14th for a total of approximately $302,110, decreasing his ownership by 4.50%.
• CSW Industrials recently announced a quarterly dividend of $0.27 per share, yielding 0.4% annually, with a payout ratio of 12.90%.
• The company's latest earnings report revealed $2.85 earnings per share, exceeding the expected $2.62, although revenue fell short of expectations at $263.65 million.

CSW Industrials, Inc. (NYSE:CSW - Get Free Report) EVP Don Sullivan sold 1,067 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $283.14, for a total transaction of $302,110.38. Following the completion of the sale, the executive vice president owned 22,641 shares in the company, valued at approximately $6,410,572.74. The trade was a 4.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Don Sullivan also recently made the following trade(s):

• On Tuesday, July 15th, Don Sullivan sold 1,000 shares of CSW Industrials stock. The stock was sold at an average price of $301.05, for a total transaction of $301,050.00.

CSW Industrials Stock Performance

CSW traded up $15.42 during trading on Friday, reaching $272.82. 164,698 shares of the company's stock were exchanged, compared to its average volume of 193,276. CSW Industrials, Inc. has a fifty-two week low of $241.99 and a fifty-two week high of $436.50. The company has a quick ratio of 1.48, a current ratio of 2.86 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average price of $285.54 and a 200 day moving average price of $297.51. The company has a market capitalization of $4.58 billion, a P/E ratio of 32.60 and a beta of 0.91.

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

CSW Industrials Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CSW. Matrix Trust Co raised its holdings in shares of CSW Industrials by 91.1% in the second quarter. Matrix Trust Co now owns 86 shares of the basic materials company's stock valued at $25,000 after buying an additional 41 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of CSW Industrials by 517.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock valued at $31,000 after buying an additional 88 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of CSW Industrials by 526.3% in the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock valued at $35,000 after buying an additional 100 shares during the last quarter. Whittier Trust Co. bought a new position in shares of CSW Industrials in the first quarter valued at about $59,000. Finally, Harbor Investment Advisory LLC raised its holdings in shares of CSW Industrials by 27.3% in the second quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company's stock valued at $79,000 after buying an additional 59 shares during the last quarter. 82.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CSW has been the subject of a number of analyst reports. Truist Financial set a $273.00 price objective on CSW Industrials and gave the company a "hold" rating in a report on Tuesday, August 5th. Citigroup lifted their price objective on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Finally, Wells Fargo & Company cut their price objective on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $319.75.

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.