CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson Sells 919 Shares

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) SVP Luke Alverson sold 919 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $303.21, for a total transaction of $278,649.99. Following the completion of the sale, the senior vice president now directly owns 14,353 shares of the company's stock, valued at approximately $4,351,973.13. This trade represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Luke Alverson also recently made the following trade(s):

• On Monday, March 17th, Luke Alverson sold 1,100 shares of CSW Industrials stock. The shares were sold at an average price of $292.12, for a total transaction of $321,332.00.

CSW Industrials Trading Down 2.4 %

CSW Industrials stock traded down $7.25 during midday trading on Monday, reaching $291.18. 93,441 shares of the stock traded hands, compared to its average volume of 134,628. The firm has a fifty day moving average price of $295.74 and a two-hundred day moving average price of $349.80. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 34.79 and a beta of 0.88. CSW Industrials, Inc. has a fifty-two week low of $232.20 and a fifty-two week high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. Analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, April 25th. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 0.37%. CSW Industrials's dividend payout ratio (DPR) is currently 12.90%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its holdings in shares of CSW Industrials by 35,553.3% in the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock valued at $71,320,000 after purchasing an additional 201,587 shares in the last quarter. Norges Bank acquired a new stake in CSW Industrials during the 4th quarter worth about $59,250,000. Riverbridge Partners LLC purchased a new position in CSW Industrials during the 4th quarter valued at about $42,202,000. GAMMA Investing LLC lifted its position in shares of CSW Industrials by 63,348.5% in the first quarter. GAMMA Investing LLC now owns 86,290 shares of the basic materials company's stock worth $25,155,000 after purchasing an additional 86,154 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in CSW Industrials by 1,046.2% in the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company's stock valued at $31,140,000 after buying an additional 77,576 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSWI has been the topic of a number of recent analyst reports. StockNews.com lowered shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. The Goldman Sachs Group dropped their price objective on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company reduced their price target on shares of CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Citigroup decreased their price objective on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Truist Financial assumed coverage on CSW Industrials in a research report on Friday, February 14th. They set a "hold" rating and a $362.00 price target for the company. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $342.50.

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.