CSW Industrials, Inc. (NASDAQ:CSWI – Get Free Report) 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 – Get Free Report) 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
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.
Read Our Latest Research Report on CSW Industrials
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.
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