CSW Industrials (NYSE:CSW) CEO Sells $430,560.00 in Stock

Key Points

• CEO Joseph Armes sold 1,500 CSW Industrials shares at an average price of $287.04, generating $430,560. The Rule 10b5-1 transaction reduced his ownership by 2.29%, leaving him with 64,083 shares.
• CSW Industrials shares fell $2.98 to $288.16, while the company reported quarterly EPS of $3.84, beating estimates by $0.18, and revenue of $350.65 million, up 33% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $347.57; institutional investors own approximately 82.79% of the company.

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 Thursday, October 15th. The shares were sold at an average price of $287.04, for a total value of $430,560.00. Following the completion of the transaction, the chief executive officer owned 64,083 shares in the company, valued at $18,394,384.32. This trade represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CSW Industrials Stock Performance

CSW Industrials stock traded down $2.98 during trading hours on Friday, reaching $288.16. 132,280 shares of the stock were exchanged, compared to its average volume of 144,620. CSW Industrials, Inc. has a 52-week low of $236.66 and a 52-week high of $355.48. The stock has a market cap of $4.69 billion, a P/E ratio of 39.53 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. The firm's 50 day moving average is $308.08 and its 200 day moving average is $291.13.

CSW Industrials (NYSE:CSW - Get Free Report) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $0.18. The company had revenue of $350.65 million for the quarter. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%. The company's revenue for the quarter was up 33.0% on a year-over-year basis. Analysts predict that CSW Industrials, Inc. will post 12.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. 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 report on Friday, July 31st. Weiss Ratings upgraded shares of CSW Industrials from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of CSW Industrials from a "hold" rating to a "buy" rating in a research report on Saturday, October 10th. JPMorgan Chase & Co. upped their price target on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Finally, Citigroup upped their price target on shares of CSW Industrials from $304.00 to $340.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, CSW Industrials has a consensus rating of "Moderate Buy" and an average price target of $347.57.

Institutional Investors Weigh In On CSW Industrials

Institutional investors have recently modified their holdings of the company. Valley Wealth Managers Inc. acquired a new stake in shares of CSW Industrials in the 1st quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in CSW Industrials during the second quarter worth $29,000. Public Employees Retirement System of Ohio acquired a new position in CSW Industrials during the second quarter worth $29,000. Global Retirement Partners LLC purchased a new stake in CSW Industrials during the second quarter worth $31,000. Finally, Sound Income Strategies LLC boosted its position in CSW Industrials by 628.6% during the first quarter. Sound Income Strategies LLC now owns 153 shares of the basic materials company's stock worth $40,000 after purchasing an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company's stock.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial products company headquartered in Dallas, Texas. The company develops, manufactures and sells products used in the maintenance, repair, construction and improvement of residential, commercial and industrial infrastructure.

CSW Industrials operates through three primary business segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its product portfolio includes HVAC and refrigeration products, plumbing and electrical solutions, adhesives, sealants, coatings, fire- and smoke-protection products, roofing materials, building components and specialty products designed to support the reliability and performance of industrial equipment and infrastructure.

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