CSW Industrials (NYSE:CSW) CEO Joseph Armes Sells 1,500 Shares

Key Points

• CEO Joseph Armes sold 1,500 CSW Industrials shares at an average price of $289.58, generating $434,370. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 62,736 shares.
• CSW Industrials reported quarterly earnings of $3.84 per share, beating estimates of $3.66, while revenue rose 33% year over year to $350.65 million.
• Analysts maintain a generally positive outlook, with the stock holding a “Moderate Buy” consensus rating and an average price target of $347.57; the company also pays a quarterly dividend of $0.30 per share.

CSW Industrials, Inc. (NYSE:CSW - Get Free Report) CEO Joseph Armes sold 1,500 shares of CSW Industrials stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $289.58, for a total transaction of $434,370.00. Following the completion of the transaction, the chief executive officer owned 62,736 shares in the company, valued at approximately $18,167,090.88. This trade represents a 2.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CSW Industrials Price Performance

Shares of NYSE CSW traded down $1.30 during trading on Wednesday, hitting $288.22. The company had a trading volume of 168,733 shares, compared to its average volume of 147,555. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $355.48. The business's 50-day moving average is $310.68 and its 200 day moving average is $287.32. The company has a market cap of $4.70 billion, a P/E ratio of 39.54 and a beta of 0.81. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.36 and a current ratio of 2.70.

CSW Industrials (NYSE:CSW - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.18. The business had revenue of $350.65 million during the quarter. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.CSW Industrials's revenue was up 33.0% on a year-over-year basis. Equities research analysts predict that CSW Industrials, Inc. will post 12.77 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a $0.30 dividend. The ex-dividend date was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials's dividend payout ratio (DPR) is 16.46%.

Wall Street Analyst Weigh In

CSW has been the subject of a number of research analyst reports. Weiss Ratings upgraded CSW Industrials from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Truist Financial lifted their price target on CSW Industrials from $313.00 to $332.00 and gave the company a "hold" rating in a report on Monday, August 3rd. Citigroup upped their price target on CSW Industrials from $304.00 to $340.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Wells Fargo & Company increased their price objective on CSW Industrials from $285.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Friday, July 31st. Finally, Zacks Research lowered CSW Industrials from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, CSW Industrials currently has an average rating of "Moderate Buy" and a consensus price target of $347.57.

Hedge Funds Weigh In On CSW Industrials

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in CSW Industrials during the second quarter valued at $686,462,000. Capital World Investors acquired a new position in CSW Industrials in the 4th quarter worth about $308,934,000. Wasatch Advisors LP increased its position in CSW Industrials by 31.1% in the 1st quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company's stock worth $227,658,000 after purchasing an additional 207,186 shares during the last quarter. Geode Capital Management LLC purchased a new stake in shares of CSW Industrials during the 4th quarter worth about $115,318,000. Finally, First Trust Advisors LP raised its stake in shares of CSW Industrials by 14.5% during the 1st quarter. First Trust Advisors LP now owns 437,462 shares of the basic materials company's stock worth $113,994,000 after purchasing an additional 55,288 shares in the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial company that develops, manufactures and sells specialized products serving the building, construction, industrial and energy markets. Its offerings are sold under a portfolio of established brands and are designed for applications including heating, ventilation and air conditioning, refrigeration, plumbing, electrical systems and building safety.

The company operates through three primary business segments: Contractor Solutions, Specialized Reliability Solutions and Engineered Building Solutions.

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