CSW Industrials, Inc. (NASDAQ:CSWI) Director Sells $60,276.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) Director Robert M. Swartz sold 200 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $301.38, for a total value of $60,276.00. Following the completion of the sale, the director now directly owns 12,719 shares in the company, valued at approximately $3,833,252.22. This represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

CSW Industrials Stock Performance

CSWI stock traded up $0.48 on Thursday, reaching $304.67. The company had a trading volume of 80,655 shares, compared to its average volume of 136,000. The company's fifty day moving average is $303.64 and its 200 day moving average is $333.72. The company has a market cap of $5.12 billion, a P/E ratio of 36.40 and a beta of 0.96. CSW Industrials, Inc. has a 1 year low of $249.84 and a 1 year high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.01. The firm had revenue of $230.55 million during the quarter, compared to the consensus estimate of $232.82 million. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. During the same period in the prior year, the firm earned $2.04 EPS. On average, sell-side analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a dividend of $0.27 per share. This is a boost from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date was Friday, April 25th. This represents a $1.08 annualized dividend and a yield of 0.35%. CSW Industrials's payout ratio is presently 12.84%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings 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 valued at $31,000 after acquiring an additional 88 shares in the last quarter. Versant Capital Management Inc increased its stake in CSW Industrials by 526.3% in the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 100 shares during the period. IFP Advisors Inc grew its stake in CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock worth $42,000 after buying an additional 97 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in CSW Industrials during the fourth quarter worth about $51,000. Finally, Jones Financial Companies Lllp grew its stake in CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock worth $58,000 after buying an additional 123 shares during the last quarter. Institutional investors own 82.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup raised their price target on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Wells Fargo & Company boosted their price target on CSW Industrials from $295.00 to $305.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. 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 target price on the stock. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, CSW Industrials currently has an average rating of "Hold" and an average target price 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.