Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) SVP Sells 1,100 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson sold 1,100 shares of CSW Industrials stock in a transaction on Monday, March 17th. The stock was sold at an average price of $292.12, for a total transaction of $321,332.00. Following the transaction, the senior vice president now directly owns 13,434 shares of the company’s stock, valued at approximately $3,924,340.08. This trade represents a 7.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Luke Alverson also recently made the following trade(s):

• On Monday, January 13th, Luke Alverson sold 1,522 shares of CSW Industrials stock. The stock was sold at an average price of $358.16, for a total transaction of $545,119.52.

CSW Industrials Stock Performance

Shares of CSW Industrials stock opened at $292.66 on Friday. The firm has a 50-day moving average of $326.35 and a 200-day moving average of $358.36. The stock has a market cap of $4.91 billion, a PE ratio of 34.97 and a beta of 0.80. CSW Industrials, Inc. has a 52-week low of $225.83 and a 52-week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results 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%. Equities research analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.24 per share. The ex-dividend date was Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.33%. CSW Industrials’s dividend payout ratio is 11.47%.

Institutional Investors Weigh In On CSW Industrials

Institutional investors and hedge funds have recently bought and sold shares of the company. National Bank of Canada FI bought a new stake in CSW Industrials during the third quarter worth about $28,000. IFP Advisors Inc lifted its position in CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 97 shares during the period. GAMMA Investing LLC lifted its position in CSW Industrials by 94.3% during the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 66 shares during the period. SBI Securities Co. Ltd. bought a new stake in CSW Industrials during the fourth quarter worth about $51,000. Finally, Jones Financial Companies Lllp lifted its position in CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 123 shares during the period. Institutional investors own 82.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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