Joseph B. Armes Sells 1,000 Shares of Capital Southwest Corporation (NYSE:CSW) Stock

Capital Southwest Corporation (NYSE:CSW - Get Free Report) CEO Joseph B. Armes sold 1,000 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $294.92, for a total transaction of $294,920.00. Following the completion of the sale, the chief executive officer directly owned 63,522 shares in the company, valued at $18,733,908.24. This represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Capital Southwest Price Performance

NYSE:CSW traded down $10.69 during mid-day trading on Tuesday, reaching $293.54. The stock had a trading volume of 113,187 shares, compared to its average volume of 118,115. Capital Southwest Corporation has a 12 month low of $249.84 and a 12 month high of $436.50. The stock has a market capitalization of $4.93 billion, a PE ratio of 35.07 and a beta of 0.88. The stock has a 50-day simple moving average of $309.59 and a two-hundred day simple moving average of $315.31.

Capital Southwest (NYSE:CSW - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.01. Capital Southwest had a return on equity of 15.72% and a net margin of 15.53%. The company had revenue of $230.55 million during the quarter, compared to analysts' expectations of $232.82 million. During the same quarter in the prior year, the firm posted $2.04 earnings per share. Equities analysts expect that Capital Southwest Corporation will post 8.49 EPS for the current year.

Capital Southwest Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Friday, July 25th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.37%. Capital Southwest's dividend payout ratio is presently 12.84%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CSW. Citigroup upped their target price on shares of Capital Southwest from $313.00 to $321.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Wells Fargo & Company upped their price objective on Capital Southwest from $295.00 to $305.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Capital Southwest presently has a consensus rating of "Hold" and an average price target of $347.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CSW. Matrix Trust Co boosted its stake in Capital Southwest by 91.1% in the second 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. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Capital Southwest by 517.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 88 shares in the last quarter. Versant Capital Management Inc raised its stake in Capital Southwest by 526.3% in the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Capital Southwest by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 123 shares during the last quarter. Finally, Whittier Trust Co. bought a new position in shares of Capital Southwest in the 1st quarter worth $59,000. 82.79% of the stock is owned by institutional investors.

About Capital Southwest

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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