CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells $341,370.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $341.37, for a total transaction of $341,370.00. Following the sale, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CSW Industrials Stock Performance

Shares of CSWI opened at $352.44 on Thursday. The firm has a 50-day moving average of $310.03 and a 200-day moving average of $269.08. CSW Industrials, Inc. has a one year low of $167.27 and a one year high of $359.94. The company has a market cap of $5.48 billion, a PE ratio of 53.97, a price-to-earnings-growth ratio of 2.52 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 1.44.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.29. The firm had revenue of $226.18 million during the quarter, compared to the consensus estimate of $215.40 million. CSW Industrials had a net margin of 13.44% and a return on equity of 19.19%. During the same quarter in the previous year, the firm posted $1.97 EPS. As a group, equities analysts forecast that CSW Industrials, Inc. will post 8.45 earnings per share for the current year.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Friday, July 26th. CSW Industrials’s dividend payout ratio is 12.86%.

Institutional Investors Weigh In On CSW Industrials

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

Wall Street Analysts Forecast Growth

CSWI has been the topic of a number of recent research reports. CL King began coverage on shares of CSW Industrials in a research note on Friday, June 21st. They issued a “buy” rating on the stock. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Tuesday.

CSW Industrials Company Profile

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.