Insider Selling: CSW Industrials (NYSE:CSW) EVP Sells 4,136 Shares of Stock

by · The Cerbat Gem

CSW Industrials, Inc. (NYSE:CSW – Get Free Report) EVP Don Sullivan sold 4,136 shares of CSW Industrials stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $301.41, for a total transaction of $1,246,631.76. Following the completion of the sale, the executive vice president directly owned 18,196 shares in the company, valued at approximately $5,484,456.36. This represents a 18.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

CSW Industrials Stock Performance

Shares of CSW Industrials stock traded up $4.86 on Tuesday, reaching $300.74. 168,433 shares of the company traded hands, compared to its average volume of 137,796. The company has a 50 day moving average of $252.88 and a 200 day moving average of $271.15. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.76 and a quick ratio of 1.32. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $406.90. The firm has a market capitalization of $5.02 billion, a PE ratio of 35.30 and a beta of 0.83.

CSW Industrials (NYSE:CSW – Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The basic materials company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.73 by $0.23. CSW Industrials had a return on equity of 14.74% and a net margin of 14.88%. Equities analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were paid a dividend of $0.27 per share. The ex-dividend date was Friday, October 31st. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio is presently 12.68%.

Hedge Funds Weigh In On CSW Industrials

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSW. Matrix Trust Co raised its holdings in shares of CSW Industrials by 91.1% in the 2nd quarter. Matrix Trust Co now owns 86 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 41 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of CSW Industrials by 517.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 88 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of CSW Industrials by 27.3% during the 2nd quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 59 shares during the last quarter. GAMMA Investing LLC raised its position in CSW Industrials by 44.6% in the 2nd quarter. GAMMA Investing LLC now owns 428 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 132 shares during the period. Finally, Covestor Ltd lifted its stake in CSW Industrials by 81.6% in the first quarter. Covestor Ltd now owns 443 shares of the basic materials company’s stock worth $129,000 after purchasing an additional 199 shares during the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded CSW Industrials from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $300.00 to $350.00 in a research note on Wednesday, December 3rd. Truist Financial boosted their price target on shares of CSW Industrials from $273.00 to $276.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CSW Industrials in a report on Monday. Citigroup lifted their price objective on shares of CSW Industrials from $259.00 to $311.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Jefferies Financial Group set a $350.00 target price on CSW Industrials in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CSW Industrials currently has an average rating of “Hold” and a consensus target price of $328.67.

View Our Latest Analysis on CSW Industrials

About CSW Industrials

(Get Free Report)

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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