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 company's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $283.14, for a total value of $302,110.38. Following the completion of the transaction, the executive vice president directly owned 22,641 shares of the company's stock, valued at approximately $6,410,572.74. This trade represents a 4.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $301.05, for a total value of $301,050.00.

CSW Industrials Price Performance

CSW stock traded down $3.80 during midday trading on Thursday, hitting $258.45. The company's stock had a trading volume of 171,824 shares, compared to its average volume of 128,198. The company has a quick ratio of 1.48, a current ratio of 2.86 and a debt-to-equity ratio of 0.09. CSW Industrials, Inc. has a 12 month low of $241.99 and a 12 month high of $436.50. The company has a 50 day moving average of $287.13 and a two-hundred day moving average of $298.47. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 30.88 and a beta of 0.91.

CSW Industrials (NYSE:CSW - Get Free Report) last released its earnings results on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.62 by $0.23. The firm had revenue of $263.65 million for 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%. On average, analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 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 0.4%. CSW Industrials's payout ratio is 12.90%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CSW. Bailard Inc. grew its stake in shares of CSW Industrials by 2.0% during the first quarter. Bailard Inc. now owns 1,705 shares of the basic materials company's stock valued at $497,000 after buying an additional 33 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of CSW Industrials by 9.3% during the 1st quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company's stock worth $117,000 after acquiring an additional 34 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in CSW Industrials by 1.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,122 shares of the basic materials company's stock valued at $910,000 after acquiring an additional 34 shares during the period. TCTC Holdings LLC grew its position in CSW Industrials by 2.2% in the 1st quarter. TCTC Holdings LLC now owns 1,882 shares of the basic materials company's stock valued at $549,000 after acquiring an additional 41 shares during the last quarter. Finally, Matrix Trust Co grew its position in CSW Industrials by 91.1% in the 2nd quarter. Matrix Trust Co now owns 86 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 41 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.