CSW Industrials, Inc. (NYSE:CSW) EVP Sells $39,882.25 in Stock

Key Points

• CSW Industrials, Inc. EVP James E. Perry sold 145 shares at an average price of $275.05, totaling $39,882.25, reducing his ownership to 25,178 shares.
• CSW Industrials reported earnings of $2.85 per share for its last quarter, exceeding expectations, but had revenue of $263.65 million, below the forecast of $278.27 million.
• The company declared a quarterly dividend of $0.27, with a current annualized dividend rate of $1.08, reflecting a yield of 0.4%.

CSW Industrials, Inc. (NYSE:CSW - Get Free Report) EVP James E. Perry sold 145 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total transaction of $39,882.25. Following the transaction, the executive vice president directly owned 25,178 shares in the company, valued at approximately $6,925,208.90. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

CSW Industrials Price Performance

Shares of CSW traded up $10.74 during mid-day trading on Tuesday, reaching $276.24. The company had a trading volume of 172,381 shares, compared to its average volume of 171,105. The company's 50 day simple moving average is $291.70 and its 200 day simple moving average is $301.31. CSW Industrials, Inc. has a 1-year low of $241.99 and a 1-year high of $436.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 33.00 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, beating 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 company had revenue of $263.65 million for the quarter, compared to the consensus estimate of $278.27 million. Analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on CSW. Citigroup raised their price target on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Wells Fargo & Company reduced their price objective on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Finally, Truist Financial set a $273.00 price objective on shares of CSW Industrials and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $319.75.

Institutional Investors Weigh In On CSW Industrials

A number of hedge funds have recently made changes to their positions in the stock. Argent Capital Management LLC boosted its position in CSW Industrials by 5.6% during the 2nd quarter. Argent Capital Management LLC now owns 2,180 shares of the basic materials company's stock worth $625,000 after buying an additional 116 shares during the period. GAMMA Investing LLC boosted its position in CSW Industrials by 44.6% during the 2nd quarter. GAMMA Investing LLC now owns 428 shares of the basic materials company's stock worth $123,000 after buying an additional 132 shares during the period. Matrix Trust Co lifted its position in shares of CSW Industrials by 91.1% in the 2nd quarter. Matrix Trust Co now owns 86 shares of the basic materials company's stock worth $25,000 after purchasing an additional 41 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of CSW Industrials by 3.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,423 shares of the basic materials company's stock worth $1,003,000 after purchasing an additional 113 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in shares of CSW Industrials by 2.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 30,578 shares of the basic materials company's stock worth $8,771,000 after purchasing an additional 720 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

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.

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