Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) SVP Sells 919 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) SVP Luke Alverson sold 919 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $305.49, for a total transaction of $280,745.31. Following the transaction, the senior vice president now owns 13,434 shares of the company's stock, valued at $4,103,952.66. This represents a 6.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, April 14th, Luke Alverson sold 919 shares of CSW Industrials stock. The stock was sold at an average price of $303.21, for a total transaction of $278,649.99.
• 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 value of $321,332.00.

CSW Industrials Stock Performance

Shares of CSWI stock traded down $1.46 during mid-day trading on Friday, hitting $305.56. 112,940 shares of the stock traded hands, compared to its average volume of 136,586. CSW Industrials, Inc. has a twelve month low of $248.90 and a twelve month high of $436.50. The company's 50-day simple moving average is $303.11 and its 200-day simple moving average is $335.88. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 36.51 and a beta of 0.96.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.01. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. The firm had revenue of $230.55 million for the quarter, compared to analyst estimates of $232.82 million. During the same period in the previous year, the company earned $2.04 earnings per share. Analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was 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 yield of 0.35%. CSW Industrials's dividend payout ratio is currently 12.84%.

Analysts Set New Price Targets

Several analysts recently commented on CSWI shares. Wall Street Zen cut CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Wells Fargo & Company lifted their price objective on shares of CSW Industrials from $295.00 to $305.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Citigroup increased their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Finally, Truist Financial initiated coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a "hold" rating and a $362.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $347.00.

Institutional Trading of CSW Industrials

A number of large investors have recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in shares of CSW Industrials during the 1st quarter valued at $1,312,000. Intech Investment Management LLC raised its position in shares of CSW Industrials by 22.9% during the first quarter. Intech Investment Management LLC now owns 9,537 shares of the basic materials company's stock worth $2,780,000 after purchasing an additional 1,774 shares during the period. United Services Automobile Association purchased a new stake in shares of CSW Industrials during the first quarter valued at $305,000. Fred Alger Management LLC boosted its position in shares of CSW Industrials by 5.3% in the 1st quarter. Fred Alger Management LLC now owns 59,857 shares of the basic materials company's stock valued at $17,450,000 after purchasing an additional 3,006 shares during the period. Finally, Select Equity Group L.P. boosted its position in shares of CSW Industrials by 620.6% in the 1st quarter. Select Equity Group L.P. now owns 38,180 shares of the basic materials company's stock valued at $11,130,000 after purchasing an additional 32,882 shares during the period. 82.79% of the stock is currently owned by 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.