CSW Industrials (NYSE:CSW) SVP Sells $267,972.77 in Stock

CSW Industrials, Inc. (NYSE:CSW) SVP Luke Alverson sold 1,007 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $266.11, for a total value of $267,972.77. Following the completion of the sale, the senior vice president owned 13,457 shares in the company, valued at $3,581,042.27. The trade was a 6.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, February 11th, Luke Alverson sold 500 shares of CSW Industrials stock. The shares were sold at an average price of $316.02, for a total value of $158,010.00.

CSW Industrials Trading Up 0.1%

Shares of CSW Industrials stock traded up $0.29 on Tuesday, reaching $265.89. 131,881 shares of the company’s stock were exchanged, compared to its average volume of 158,014. The company has a market capitalization of $4.38 billion, a P/E ratio of 35.26 and a beta of 0.84. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $338.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 2.36. The firm’s 50-day moving average is $279.78 and its two-hundred day moving average is $277.07.

CSW Industrials (NYSE:CSW) last released its quarterly earnings data on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.51). The company had revenue of $232.99 million during the quarter, compared to the consensus estimate of $249.36 million. CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. Sell-side analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be given a dividend of $0.30 per share. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, April 24th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.5%. CSW Industrials’s payout ratio is currently 14.32%.

Hedge Funds Weigh In On CSW Industrials

Several large investors have recently bought and sold shares of CSW. Arax Advisory Partners bought a new position in CSW Industrials during the 4th quarter valued at $28,000. Danske Bank A S bought a new position in CSW Industrials during the 4th quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in CSW Industrials during the 4th quarter valued at $31,000. Global Retirement Partners LLC bought a new position in CSW Industrials during the 4th quarter valued at $31,000. Finally, CWM LLC bought a new position in CSW Industrials during the 4th quarter valued at $32,000. 82.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Zacks Research downgraded CSW Industrials from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Robert W. Baird assumed coverage on CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 target price on the stock. Truist Financial upped their price objective on shares of CSW Industrials from $271.00 to $292.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Citigroup dropped their price objective on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CSW Industrials in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $327.14.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.