CSW Industrials, Inc. (NASDAQ:CSWI) Director Sells $64,356.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $321.78, for a total transaction of $64,356.00. Following the transaction, the director now directly owns 13,519 shares of the company’s stock, valued at $4,350,143.82. This represents a 1.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

CSW Industrials Trading Up 0.9 %

CSW Industrials stock opened at $328.05 on Friday. CSW Industrials, Inc. has a 12 month low of $218.03 and a 12 month high of $436.50. The stock has a fifty day simple moving average of $372.14 and a two-hundred day simple moving average of $359.71. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 39.19 and a beta of 0.84.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 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%. On average, equities research analysts forecast that CSW Industrials, Inc. will post 8.22 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 0.29%. CSW Industrials’s payout ratio is 11.47%.

Institutional Investors Weigh In On CSW Industrials

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in CSW Industrials by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,759 shares of the basic materials company’s stock valued at $2,324,000 after buying an additional 378 shares during the last quarter. Algert Global LLC purchased a new stake in CSW Industrials during the second quarter valued at $415,000. Creative Planning lifted its holdings in CSW Industrials by 47.8% in the second quarter. Creative Planning now owns 5,346 shares of the basic materials company’s stock valued at $1,418,000 after acquiring an additional 1,729 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in CSW Industrials in the second quarter worth about $1,061,000. Finally, Truist Financial Corp bought a new stake in shares of CSW Industrials during the 2nd quarter valued at about $203,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CSWI shares. The Goldman Sachs Group lowered 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 lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday. Citigroup dropped their price target on shares of 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, Wells Fargo & Company reduced their price objective on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, CSW Industrials currently has a consensus rating of “Hold” and an average target price of $384.67.

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.