CSW Industrials, Inc. (NASDAQ:CSWI) EVP Sells $649,090.64 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan sold 2,222 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $649,090.64. Following the completion of the sale, the executive vice president now directly owns 24,853 shares in the company, valued at $7,260,058.36. This trade represents a 8.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Don Sullivan also recently made the following trade(s):

• On Wednesday, January 15th, Don Sullivan sold 1,800 shares of CSW Industrials stock. The stock was sold at an average price of $377.58, for a total value of $679,644.00.

CSW Industrials Stock Down 2.3 %

Shares of CSWI opened at $286.11 on Wednesday. CSW Industrials, Inc. has a fifty-two week low of $225.83 and a fifty-two week high of $436.50. The company’s fifty day moving average is $329.10 and its two-hundred day moving average is $359.29. The firm has a market cap of $4.80 billion, a PE ratio of 34.18 and a beta of 0.80.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. As a group, equities research analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is presently 11.47%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of CSW Industrials by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock valued at $142,536,000 after acquiring an additional 26,728 shares in the last quarter. Mutual of America Capital Management LLC acquired a new position in CSW Industrials during the 3rd quarter worth approximately $916,000. Raymond James Financial Inc. purchased a new position in CSW Industrials in the 4th quarter worth approximately $18,197,000. Charles Schwab Investment Management Inc. grew its position in CSW Industrials by 13.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock valued at $61,689,000 after acquiring an additional 19,659 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of CSW Industrials by 40.3% during the third quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock valued at $10,414,000 after purchasing an additional 8,161 shares during the period. 82.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CSWI shares. Truist Financial started coverage on CSW Industrials in a report on Friday, February 14th. They issued a “hold” rating and a $362.00 price target for the company. Wells Fargo & Company reduced their target price on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group lowered their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Citigroup decreased their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, CSW Industrials has an average rating of “Hold” and an average target price of $379.00.

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.