CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes Sells 1,000 Shares

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Monday, September 16th. The shares were sold at an average price of $341.37, for a total value of $341,370.00. Following the sale, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at $17,607,523.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

CSW Industrials Price Performance

NASDAQ CSWI opened at $342.96 on Wednesday. The company has a market cap of $5.33 billion, a PE ratio of 52.52, a P/E/G ratio of 2.52 and a beta of 0.77. CSW Industrials, Inc. has a 52-week low of $167.27 and a 52-week high of $345.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.73. The firm’s 50 day moving average price is $308.46 and its 200-day moving average price is $268.49.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.29. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. The business had revenue of $226.18 million for the quarter, compared to analysts’ expectations of $215.40 million. During the same quarter last year, the firm earned $1.97 EPS. Sell-side analysts forecast that CSW Industrials, Inc. will post 8.45 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a $0.21 dividend. The ex-dividend date was Friday, July 26th. This represents a $0.84 annualized dividend and a yield of 0.24%. CSW Industrials’s dividend payout ratio (DPR) is presently 12.86%.

Hedge Funds Weigh In On CSW Industrials

A number of large investors have recently added to or reduced their stakes in CSWI. Charles Schwab Investment Management Inc. grew its position in shares of CSW Industrials by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 143,498 shares of the basic materials company’s stock worth $29,763,000 after buying an additional 640 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of CSW Industrials by 26.8% during the fourth quarter. Principal Financial Group Inc. now owns 5,825 shares of the basic materials company’s stock worth $1,208,000 after purchasing an additional 1,231 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of CSW Industrials by 39.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,643 shares of the basic materials company’s stock worth $548,000 after purchasing an additional 752 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in shares of CSW Industrials during the 4th quarter valued at $1,267,000. Finally, King Luther Capital Management Corp boosted its position in shares of CSW Industrials by 1.8% in the 4th quarter. King Luther Capital Management Corp now owns 30,801 shares of the basic materials company’s stock worth $6,388,000 after purchasing an additional 540 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on CSWI shares. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research note on Tuesday. CL King started coverage on shares of CSW Industrials in a research report on Friday, June 21st. They set a “buy” rating on the 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.