CSW Industrials, Inc. (NASDAQ:CSWI) CFO Sells $44,626.65 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CFO James E. Perry sold 145 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $307.77, for a total value of $44,626.65. Following the completion of the transaction, the chief financial officer now owns 23,282 shares of the company’s stock, valued at $7,165,501.14. This represents a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

CSW Industrials Price Performance

CSW Industrials stock opened at $304.26 on Thursday. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 36.35 and a beta of 0.84. The firm has a 50-day moving average of $340.52 and a 200-day moving average of $360.87. CSW Industrials, Inc. has a one year low of $221.10 and a one year high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. As a group, sell-side analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.24 per share. 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 payout ratio is 11.47%.

Analyst Upgrades and Downgrades

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

Institutional Trading of CSW Industrials

A number of large investors have recently added to or reduced their stakes in CSWI. Private Advisor Group LLC acquired a new position in shares of CSW Industrials during the 3rd quarter worth about $202,000. Nisa Investment Advisors LLC increased its position in CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after buying an additional 173 shares during the last quarter. New York State Teachers Retirement System bought a new stake in CSW Industrials in the third quarter valued at approximately $1,429,000. Farther Finance Advisors LLC lifted its position in shares of CSW Industrials by 16.3% in the third quarter. Farther Finance Advisors LLC now owns 328 shares of the basic materials company’s stock valued at $120,000 after buying an additional 46 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of CSW Industrials by 5.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 2,588 shares of the basic materials company’s stock worth $948,000 after acquiring an additional 128 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

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.