Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) EVP Sells 145 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI) EVP James E. Perry sold 145 shares of CSW Industrials stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $289.10, for a total value of $41,919.50. Following the transaction, the executive vice president now owns 23,137 shares in the company, valued at approximately $6,688,906.70. This trade represents a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

CSW Industrials Trading Up 1.5 %

NASDAQ CSWI traded up $4.39 during trading on Tuesday, reaching $295.91. 76,810 shares of the company’s stock were exchanged, compared to its average volume of 130,219. The company’s fifty day simple moving average is $315.03 and its 200-day simple moving average is $358.15. The firm has a market capitalization of $4.97 billion, a PE ratio of 35.35 and a beta of 0.80. CSW Industrials, Inc. has a fifty-two week low of $226.05 and a fifty-two week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.32%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio is 11.47%.

Analyst Ratings Changes

Several research analysts have issued reports on CSWI shares. 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. Wells Fargo & Company cut their target price on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup dropped their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, 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 note on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $379.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in CSW Industrials by 7.4% during the third quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock worth $142,536,000 after acquiring an additional 26,728 shares in the last quarter. Raymond James Financial Inc. acquired a new position in CSW Industrials during the fourth quarter worth approximately $18,197,000. The Manufacturers Life Insurance Company boosted its holdings in shares of CSW Industrials by 8.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock worth $3,482,000 after buying an additional 744 shares during the period. Blue Trust Inc. grew its stake in shares of CSW Industrials by 25.3% in the fourth quarter. Blue Trust Inc. now owns 361 shares of the basic materials company’s stock valued at $132,000 after acquiring an additional 73 shares in the last quarter. Finally, Congress Asset Management Co. boosted its stake in shares of CSW Industrials by 1.2% in the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company’s stock valued at $72,745,000 after buying an additional 2,544 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.