CSW Industrials, Inc. (NYSE:CSW) CEO Sells $294,920.00 in Stock

CSW Industrials, Inc. (NYSE:CSW - Get Free Report) CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was 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 owned 63,522 shares in the company, valued at approximately $18,733,908.24. The trade was a 1.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

CSW Industrials Trading Down 1.4%

Shares of CSW Industrials stock traded down $3.97 during trading on Friday, reaching $287.31. The company's stock had a trading volume of 48,036 shares, compared to its average volume of 118,385. The stock has a market capitalization of $4.83 billion, a P/E ratio of 34.16 and a beta of 0.88. CSW Industrials, Inc. has a one year low of $249.84 and a one year high of $436.50. The stock has a 50-day moving average price of $308.16 and a two-hundred day moving average price of $314.20.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.01. The firm had revenue of $230.55 million during the quarter, compared to analysts' expectations of $232.82 million. CSW Industrials had a return on equity of 14.46% and a net margin of 15.56%. During the same period in the previous year, the business posted $2.04 EPS. As a group, sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Friday, July 25th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.38%. CSW Industrials's payout ratio is currently 12.84%.

Hedge Funds Weigh In On CSW Industrials

Several institutional investors have recently modified their holdings of the stock. Matrix Trust Co lifted its stake in CSW Industrials by 91.1% in the 2nd 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of CSW Industrials by 517.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock worth $31,000 after purchasing an additional 88 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of CSW Industrials by 526.3% during the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock worth $35,000 after purchasing an additional 100 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in CSW Industrials by 300.0% during the 4th 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. acquired a new position in CSW Industrials in the 1st quarter valued at about $59,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSW has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of CSW Industrials from $295.00 to $305.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Citigroup lifted their price target on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $347.00.

About CSW Industrials

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.