Don Sullivan Sells 2,222 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan sold 2,222 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $292.12, for a total transaction of $649,090.64. Following the completion of the transaction, the executive vice president now directly owns 24,853 shares in the company, valued at approximately $7,260,058.36. The trade was a 8.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Don Sullivan also recently made the following trade(s):

• On Wednesday, January 15th, Don Sullivan sold 1,800 shares of CSW Industrials stock. The stock was sold at an average price of $377.58, for a total transaction of $679,644.00.

CSW Industrials Trading Up 1.9 %

NASDAQ:CSWI opened at $291.44 on Thursday. The stock has a 50-day moving average price of $327.71 and a 200 day moving average price of $358.82. The stock has a market capitalization of $4.89 billion, a P/E ratio of 34.82 and a beta of 0.80. CSW Industrials, Inc. has a 12-month low of $225.83 and a 12-month 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 net margin of 15.53% and a return on equity of 15.72%. On average, research analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal 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 issued 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 0.33%. CSW Industrials’s dividend payout ratio is currently 11.47%.

Institutional Trading of CSW Industrials

Hedge funds have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. purchased a new stake in shares of CSW Industrials in the third quarter worth about $349,000. Natixis Advisors LLC increased its stake in CSW Industrials by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 47,744 shares of the basic materials company’s stock worth $17,493,000 after acquiring an additional 916 shares during the last quarter. Mutual of America Capital Management LLC purchased a new stake in shares of CSW Industrials during the 3rd quarter worth approximately $916,000. Thrivent Financial for Lutherans boosted its position in shares of CSW Industrials by 40.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock valued at $10,414,000 after acquiring an additional 8,161 shares during the last quarter. Finally, Pathstone Holdings LLC grew its holdings in shares of CSW Industrials by 12.6% in the third quarter. Pathstone Holdings LLC now owns 6,070 shares of the basic materials company’s stock valued at $2,224,000 after purchasing an additional 679 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. The Goldman Sachs Group reduced their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Citigroup lowered their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Truist Financial started coverage on shares of CSW Industrials in a report on Friday, February 14th. They issued a “hold” rating and a $362.00 target price for the company. Finally, Wells Fargo & Company lowered 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 report on Friday, January 31st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $379.00.

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.