Joseph B. Armes Sells 1,000 Shares of CSW Industrials (NYSE:CSW) 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 firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $259.36, for a total value of $259,360.00. Following the completion of the sale, the chief executive officer directly owned 62,522 shares of the company's stock, 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 SEC, which is available at this link.

CSW Industrials Stock Down 1.4%

NYSE CSW traded down $3.80 during trading on Thursday, hitting $258.45. The company's stock had a trading volume of 171,824 shares, compared to its average volume of 128,198. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 1.48. The company has a market cap of $4.34 billion, a PE ratio of 30.88 and a beta of 0.91. The business's 50 day simple moving average is $287.13 and its 200-day simple moving average is $298.47. CSW Industrials, Inc. has a fifty-two week low of $241.99 and a fifty-two week high of $436.50.

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

CSW Industrials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were issued 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 (DPR) is 12.90%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Bailard Inc. raised its position in CSW Industrials by 2.0% during the first quarter. Bailard Inc. now owns 1,705 shares of the basic materials company's stock valued at $497,000 after acquiring an additional 33 shares in the last quarter. Fifth Third Bancorp increased its position in shares of CSW Industrials by 9.3% in the first quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company's stock valued at $117,000 after buying an additional 34 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of CSW Industrials by 1.1% in the first quarter. Sequoia Financial Advisors LLC now owns 3,122 shares of the basic materials company's stock valued at $910,000 after buying an additional 34 shares in the last quarter. TCTC Holdings LLC increased its position in shares of CSW Industrials by 2.2% in the first quarter. TCTC Holdings LLC now owns 1,882 shares of the basic materials company's stock valued at $549,000 after buying an additional 41 shares in the last quarter. Finally, Matrix Trust Co increased its position in shares of CSW Industrials 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 buying an additional 41 shares in the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

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.