Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells 1,000 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total value of $393,340.00. Following the transaction, the chief executive officer now directly owns 51,698 shares of the company’s stock, valued at $20,334,891.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

CSW Industrials Stock Performance

Shares of CSWI stock opened at $393.68 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.73. CSW Industrials, Inc. has a fifty-two week low of $167.27 and a fifty-two week high of $397.42. The stock has a 50 day moving average price of $338.68 and a two-hundred day moving average price of $287.90. The company has a market capitalization of $6.12 billion, a P/E ratio of 60.29, a PEG ratio of 2.99 and a beta of 0.77.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share 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 firm had revenue of $226.18 million during the quarter, compared to the consensus estimate of $215.40 million. During the same quarter in the previous year, the company posted $1.97 earnings per share. Analysts expect that CSW Industrials, Inc. will post 8.42 earnings per share for the current year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Friday, October 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s dividend payout ratio is currently 14.70%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. CL King assumed coverage on CSW Industrials in a research note on Friday, June 21st. They issued a “buy” rating for the company. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th.

Hedge Funds Weigh In On CSW Industrials

A number of hedge funds and other institutional investors have recently made changes to their positions in CSWI. Virtu Financial LLC bought a new position in shares of CSW Industrials during the fourth quarter valued at approximately $220,000. Congress Asset Management Co. MA raised its holdings in shares of CSW Industrials by 119.9% during the fourth quarter. Congress Asset Management Co. MA now owns 8,041 shares of the basic materials company’s stock valued at $1,668,000 after acquiring an additional 4,385 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of CSW Industrials by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 872,844 shares of the basic materials company’s stock valued at $181,037,000 after acquiring an additional 18,481 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of CSW Industrials by 33.6% during the first quarter. Park Avenue Securities LLC now owns 2,038 shares of the basic materials company’s stock valued at $478,000 after acquiring an additional 512 shares in the last quarter. Finally, Harbor Investment Advisory LLC bought a new position in shares of CSW Industrials during the first quarter valued at approximately $58,000. Institutional investors 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.