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 company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total transaction of $393,340.00. Following the transaction, the chief executive officer now owns 51,698 shares in the company, valued at $20,334,891.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

CSW Industrials Stock Down 0.3 %

CSW Industrials stock opened at $392.44 on Thursday. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 60.10, a price-to-earnings-growth ratio of 2.99 and a beta of 0.77. The firm’s fifty day moving average price is $340.52 and its two-hundred day moving average price is $288.63. CSW Industrials, Inc. has a 1-year low of $167.27 and a 1-year high of $398.80. The company has a current ratio of 2.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.18.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results 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 business had revenue of $226.18 million during the quarter, compared to the consensus estimate of $215.40 million. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. During the same quarter in the previous year, the business earned $1.97 EPS. On average, equities research analysts predict that CSW Industrials, Inc. will post 8.42 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be given a $0.24 dividend. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Friday, October 25th. CSW Industrials’s dividend payout ratio is presently 14.70%.

Analyst Ratings Changes

A number of research analysts recently weighed in on CSWI shares. CL King assumed coverage on CSW Industrials in a research note on Friday, June 21st. They set a “buy” rating on the stock. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th.

Hedge Funds Weigh In On CSW Industrials

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of CSW Industrials by 105.9% in the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 36 shares during the last quarter. Contravisory Investment Management Inc. increased its stake in CSW Industrials by 48.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after buying an additional 38 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in CSW Industrials in the 1st quarter valued at about $58,000. USA Financial Formulas bought a new position in shares of CSW Industrials during the 3rd quarter worth approximately $119,000. Finally, SG Americas Securities LLC purchased a new position in shares of CSW Industrials in the 1st quarter worth approximately $148,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

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.