CSW Industrials, Inc. (NYSE:CSW – Get Free Report) CEO Joseph Armes sold 1,500 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction of $419,280.00. Following the completion of the transaction, the chief executive officer owned 69,100 shares of the company’s stock, valued at approximately $19,314,832. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CSW Industrials Stock Performance
NYSE:CSW opened at $275.11 on Wednesday. The company has a fifty day simple moving average of $278.00 and a two-hundred day simple moving average of $288.00. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 41.18 and a beta of 0.84. The company has a quick ratio of 1.23, a current ratio of 2.60 and a debt-to-equity ratio of 0.80. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $337.02.
CSW Industrials (NYSE:CSW – Get Free Report) last released its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.80. The business had revenue of $308.96 million during the quarter. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The firm’s quarterly revenue was up 34.0% on a year-over-year basis. As a group, equities analysts anticipate that CSW Industrials, Inc. will post 12.52 earnings per share for the current fiscal year.
CSW Industrials Increases Dividend
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in CSW. Arax Advisory Partners acquired a new position in CSW Industrials during the fourth quarter worth about $28,000. Danske Bank A S acquired a new position in CSW Industrials during the fourth quarter worth about $29,000. Valley Wealth Managers Inc. acquired a new position in CSW Industrials during the first quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in CSW Industrials during the fourth quarter worth about $31,000. Finally, Global Retirement Partners LLC acquired a new position in CSW Industrials during the fourth quarter worth about $31,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on CSW shares. Robert W. Baird started coverage on shares of CSW Industrials in a report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 target price for the company. Zacks Research raised shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Wells Fargo & Company upped their target price on shares of CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a report on Wednesday, May 27th. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Citigroup reduced their target price on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $328.57.
CSW Industrials Company Profile
CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.
In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.
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