Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) CFO Sells 145 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CFO James E. Perry sold 145 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.77, for a total transaction of $44,626.65. Following the completion of the transaction, the chief financial officer now directly owns 23,282 shares in the company, valued at approximately $7,165,501.14. This represents a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CSW Industrials Stock Performance

CSWI opened at $304.26 on Thursday. CSW Industrials, Inc. has a 52-week low of $221.10 and a 52-week high of $436.50. The firm has a market cap of $5.11 billion, a P/E ratio of 36.35 and a beta of 0.84. The business’s fifty day moving average is $340.52 and its 200-day moving average is $360.87.

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

CSW Industrials Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Wells Fargo & Company lowered their price objective on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Citigroup dropped their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group decreased their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Truist Financial began coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective for the company. 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 company currently has an average rating of “Hold” and a consensus target price of $379.00.

Institutional Investors Weigh In On CSW Industrials

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Anchor Investment Management LLC raised its holdings in shares of CSW Industrials by 2.5% during the 3rd quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock worth $472,000 after buying an additional 32 shares in the last quarter. Atria Investments Inc grew its position in CSW Industrials by 1.4% in the fourth quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company’s stock valued at $835,000 after acquiring an additional 32 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in CSW Industrials by 0.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock worth $1,388,000 after acquiring an additional 34 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of CSW Industrials by 1.0% in the fourth 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 acquiring an additional 35 shares during the last quarter. Finally, Morse Asset Management Inc grew its holdings in shares of CSW Industrials by 2.3% during the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock valued at $594,000 after purchasing an additional 36 shares during the last quarter. 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.