CSW Industrials (NYSE:CSW) CEO Sells $259,360.00 in Stock

Key Points

• Joseph B. Armes, CEO of CSW Industrials, sold 1,000 shares at $259.36 each, totaling $259,360, reducing his ownership by 1.57% to 62,522 shares.
• CSW Industrials posted $2.85 earnings per share for the last quarter, surpassing expectations, but reported revenues of $263.65 million, falling short of the anticipated $278.27 million.
• The company declared a quarterly dividend of $0.27 per share, with a 0.4% yield and a dividend payout ratio of 12.90%.

CSW Industrials, Inc. (NYSE:CSW - Get Free Report) CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $259.36, for a total value of $259,360.00. Following the sale, the chief executive officer owned 62,522 shares in the company, valued at approximately $16,215,705.92. This represents a 1.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CSW Industrials Stock Up 6.0%

Shares of CSW Industrials stock traded up $15.42 on Friday, reaching $272.82. 164,698 shares of the company were exchanged, compared to its average volume of 193,276. CSW Industrials, Inc. has a one year low of $241.99 and a one year high of $436.50. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 32.60 and a beta of 0.91. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average of $285.54 and a 200 day moving average of $297.51.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.62 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%.The company had revenue of $263.65 million for the quarter, compared to analysts' expectations of $278.27 million. On average, equities research analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials's dividend payout ratio is currently 12.90%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSW. Bank of Montreal Can grew its holdings in CSW Industrials by 33.8% in the 4th quarter. Bank of Montreal Can now owns 2,221 shares of the basic materials company's stock valued at $784,000 after buying an additional 561 shares in the last quarter. Raymond James Financial Inc. acquired a new position in CSW Industrials in the 4th quarter valued at $18,197,000. Barclays PLC grew its holdings in CSW Industrials by 18.2% in the 4th quarter. Barclays PLC now owns 34,595 shares of the basic materials company's stock valued at $12,204,000 after buying an additional 5,323 shares in the last quarter. Mariner LLC grew its holdings in CSW Industrials by 2.1% in the 4th quarter. Mariner LLC now owns 2,204 shares of the basic materials company's stock valued at $778,000 after buying an additional 45 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in CSW Industrials by 9.0% in the 4th quarter. NewEdge Advisors LLC now owns 1,248 shares of the basic materials company's stock valued at $440,000 after buying an additional 103 shares in the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CSW has been the topic of a number of research analyst reports. Truist Financial set a $273.00 price target on CSW Industrials and gave the company a "hold" rating in a research note on Tuesday, August 5th. Wells Fargo & Company dropped their price target on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Finally, Citigroup increased their price target on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, CSW Industrials currently has an average rating of "Hold" and an average price target of $319.75.

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.