CSW Industrials, Inc. (NYSE:CSW – Get Free Report) CEO Joseph Armes sold 1,500 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $287.04, for a total value of $430,560.00. Following the transaction, the chief executive officer owned 64,083 shares in the company, valued at $18,394,384.32. This represents a 2.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CSW Industrials Price Performance
CSW stock traded down $2.98 during mid-day trading on Friday, reaching $288.16. 132,280 shares of the company’s stock were exchanged, compared to its average volume of 119,245. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.70 and a quick ratio of 1.36. CSW Industrials, Inc. has a 12-month low of $236.66 and a 12-month high of $355.48. The stock’s 50 day moving average is $306.84 and its 200 day moving average is $291.10. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 39.53 and a beta of 0.81.
CSW Industrials (NYSE:CSW – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $0.18. The business had revenue of $350.65 million during the quarter. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%. The business’s revenue was up 33.0% compared to the same quarter last year. On average, research analysts expect that CSW Industrials, Inc. will post 12.53 EPS for the current year.
CSW Industrials Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is currently 16.46%.
Institutional Investors Weigh In On CSW Industrials
A number of hedge funds have recently modified their holdings of CSW. BlackRock Inc. acquired a new position in CSW Industrials in the second quarter valued at approximately $686,462,000. First Manhattan CO. LLC. acquired a new position in CSW Industrials during the fourth quarter worth $80,257,000. Wasatch Advisors LP lifted its stake in CSW Industrials by 31.1% during the first quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company’s stock worth $227,658,000 after purchasing an additional 207,186 shares in the last quarter. Jupiter Topco LLC purchased a new position in shares of CSW Industrials during the second quarter worth $36,656,000. Finally, Bank of America Corp DE purchased a new position in shares of CSW Industrials during the second quarter worth $29,809,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
CSW has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Wall Street Zen upgraded CSW Industrials from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Citigroup lifted their price objective on CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Truist Financial boosted their price objective on CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. increased their target price on CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $347.57.
View Our Latest Analysis on CSW
About CSW Industrials
CSW Industrials, Inc is a diversified industrial products company headquartered in Dallas, Texas. The company develops, manufactures and sells products used in the maintenance, repair, construction and improvement of residential, commercial and industrial infrastructure.
CSW Industrials operates through three primary business segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its product portfolio includes HVAC and refrigeration products, plumbing and electrical solutions, adhesives, sealants, coatings, fire- and smoke-protection products, roofing materials, building components and specialty products designed to support the reliability and performance of industrial equipment and infrastructure.
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