Insider Selling: CSW Industrials (NYSE:CSW) CEO Sells $250,000.00 in Stock

Key Points

• CSW Industrials CEO Joseph Armes sold 1,000 shares of the company's stock for a total of $250,000, resulting in a 1.60% decrease in his ownership.
• The company's stock price recently fell by 1.2% to $246.46, with a market cap of $4.14 billion and a 52-week range between $241.99 and $436.50.
• CSW Industrials announced a quarterly dividend of $0.27 per share, reflecting an annual yield of 0.4% and a payout ratio of 12.90%.

CSW Industrials, Inc. (NYSE:CSW - Get Free Report) CEO Joseph Armes sold 1,000 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $250.00, for a total transaction of $250,000.00. Following the transaction, the chief executive officer directly owned 61,522 shares in the company, valued at $15,380,500. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CSW Industrials Stock Down 1.2%

CSW traded down $3.04 on Tuesday, reaching $246.46. 107,388 shares of the company traded hands, compared to its average volume of 130,495. The stock's 50 day moving average price is $272.16 and its 200-day moving average price is $291.78. CSW Industrials, Inc. has a 52-week low of $241.99 and a 52-week high of $436.50. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 29.45 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 1.48.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 EPS 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 firm had revenue of $263.65 million for the quarter, compared to the consensus estimate of $278.27 million. On average, sell-side analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors 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 yield of 0.4%. CSW Industrials's payout ratio is presently 12.90%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Citigroup lifted their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Truist Financial set a $273.00 target price on shares of CSW Industrials and gave the company a "hold" rating in a research note on Tuesday, August 5th. Wells Fargo & Company reduced their target price on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Finally, Zacks Research upgraded shares of CSW Industrials from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, CSW Industrials has an average rating of "Hold" and an average price target of $319.75.

Hedge Funds Weigh In On CSW Industrials

A number of institutional investors and hedge funds have recently bought and sold shares of CSW. Captrust Financial Advisors increased its position in CSW Industrials by 5.1% during the fourth quarter. Captrust Financial Advisors now owns 1,153 shares of the basic materials company's stock worth $407,000 after acquiring an additional 56 shares during the period. Deutsche Bank AG increased its position in CSW Industrials by 48.0% during the fourth quarter. Deutsche Bank AG now owns 14,655 shares of the basic materials company's stock worth $5,170,000 after acquiring an additional 4,750 shares during the period. Gotham Asset Management LLC bought a new position in CSW Industrials during the fourth quarter worth $460,000. Millennium Management LLC increased its holdings in CSW Industrials by 435.2% in the 4th quarter. Millennium Management LLC now owns 3,934 shares of the basic materials company's stock valued at $1,388,000 after buying an additional 3,199 shares during the period. Finally, Man Group plc increased its holdings in CSW Industrials by 82.0% in the 4th quarter. Man Group plc now owns 3,426 shares of the basic materials company's stock valued at $1,209,000 after buying an additional 1,544 shares during the period. Institutional investors own 82.79% of the company's stock.

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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