Insider Selling: CSW Industrials (NYSE:CSW) CEO Sells 1,000 Shares of Stock

CSW Industrials, Inc. (NYSE:CSW) CEO Joseph Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $328.64, for a total value of $328,640.00. Following the sale, the chief executive officer owned 62,526 shares of the company’s stock, valued at approximately $20,548,544.64. This represents a 1.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CSW Industrials Stock Up 0.7%

NYSE:CSW traded up $2.40 during mid-day trading on Friday, reaching $331.34. The stock had a trading volume of 202,714 shares, compared to its average volume of 164,017. CSW Industrials, Inc. has a fifty-two week low of $230.45 and a fifty-two week high of $401.02. The business’s 50 day moving average is $290.01 and its 200 day moving average is $272.64. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.76 and a quick ratio of 1.32. The stock has a market cap of $5.53 billion, a P/E ratio of 38.89 and a beta of 0.82.

CSW Industrials (NYSE:CSW) last released its quarterly earnings results on Thursday, October 30th. The basic materials company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.23. CSW Industrials had a return on equity of 14.74% and a net margin of 14.88%. As a group, sell-side analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, January 30th. CSW Industrials’s dividend payout ratio is 12.68%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CSW shares. Citigroup boosted their price objective on CSW Industrials from $311.00 to $333.00 and gave the stock a “neutral” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CSW Industrials in a research report on Monday, December 29th. Zacks Research cut CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. CJS Securities raised shares of CSW Industrials to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Wells Fargo & Company upped their target price on shares of CSW Industrials from $265.00 to $300.00 and gave the company an “equal weight” rating in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $323.67.

Institutional Investors Weigh In On CSW Industrials

Several large investors have recently made changes to their positions in CSW. Congress Asset Management Co. bought a new position in CSW Industrials during the 4th quarter valued at about $65,002,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of CSW Industrials in the fourth quarter valued at about $53,434,000. Allspring Global Investments Holdings LLC acquired a new position in CSW Industrials during the 4th quarter worth about $41,461,000. SG Americas Securities LLC acquired a new position in CSW Industrials during the 4th quarter worth about $39,915,000. Finally, Riverbridge Partners LLC bought a new stake in CSW Industrials during the 4th quarter worth about $38,280,000. Institutional investors own 82.79% of the company’s stock.

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.