CSW Industrials, Inc. (NASDAQ:CSWI) Director Sells $61,442.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.21, for a total value of $61,442.00. Following the completion of the sale, the director now directly owns 13,319 shares in the company, valued at approximately $4,091,729.99. The trade was a 1.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

CSW Industrials Stock Performance

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

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, beating analysts’ consensus estimates 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, analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.24 dividend. The ex-dividend date of this dividend 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 currently 11.47%.

Analyst Upgrades and Downgrades

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

Institutional Trading of CSW Industrials

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of CSW Industrials by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company’s stock worth $653,638,000 after purchasing an additional 29,488 shares during the last quarter. State Street Corp grew its holdings in CSW Industrials by 71.7% in the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after acquiring an additional 255,849 shares during the last quarter. Geode Capital Management LLC grew its holdings in CSW Industrials by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company’s stock worth $138,983,000 after acquiring an additional 4,899 shares during the last quarter. Northern Trust Corp increased its position in shares of CSW Industrials by 5.6% in the fourth quarter. Northern Trust Corp now owns 217,655 shares of the basic materials company’s stock valued at $76,789,000 after acquiring an additional 11,465 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of CSW Industrials by 0.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 207,136 shares of the basic materials company’s stock valued at $73,079,000 after acquiring an additional 661 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Company Profile

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.