CSW Industrials, Inc. (NASDAQ:CSWI) Director Sells $61,442.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $307.21, for a total transaction of $61,442.00. Following the completion of the sale, the director now directly owns 13,319 shares of the company’s stock, valued at $4,091,729.99. The trade was a 1.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

CSW Industrials Trading Down 0.7 %

Shares of CSWI stock opened at $304.02 on Tuesday. The stock has a market capitalization of $5.10 billion, a P/E ratio of 36.32 and a beta of 0.84. The firm’s 50 day moving average is $342.81 and its 200 day moving average is $361.33. CSW Industrials, Inc. has a 12 month low of $221.10 and a 12 month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating 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%. On average, equities analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials’s payout ratio is currently 11.47%.

Institutional Trading of CSW Industrials

Several institutional investors and hedge funds have recently bought and sold shares of the company. Anchor Investment Management LLC lifted its stake in CSW Industrials by 2.5% in the 3rd quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 32 shares in the last quarter. Atria Investments Inc lifted its stake in CSW Industrials by 1.4% in the 4th quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company’s stock worth $835,000 after purchasing an additional 32 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in CSW Industrials by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock worth $1,388,000 after purchasing an additional 34 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in CSW Industrials by 1.0% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,590 shares of the basic materials company’s stock worth $1,267,000 after purchasing an additional 35 shares in the last quarter. Finally, Morse Asset Management Inc lifted its stake in CSW Industrials by 2.3% in the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock worth $594,000 after purchasing an additional 36 shares in the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Truist Financial assumed coverage on shares of CSW Industrials in a research report on Friday, February 14th. They set a “hold” rating and a $362.00 target price for the company. Citigroup reduced their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Wells Fargo & Company reduced their target price on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, The Goldman Sachs Group reduced their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $379.00.

CSW Industrials Company Profile

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.