CSW Industrials (NYSE:CSW) SVP Sells $267,972.77 in Stock

CSW Industrials, Inc. (NYSE:CSW) SVP Luke Alverson sold 1,007 shares of the business’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $266.11, for a total value of $267,972.77. Following the completion of the transaction, the senior vice president directly owned 13,457 shares of the company’s stock, valued at approximately $3,581,042.27. This trade represents a 6.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Luke Alverson also recently made the following trade(s):

• On Wednesday, February 11th, Luke Alverson sold 500 shares of CSW Industrials stock. The shares were sold at an average price of $316.02, for a total value of $158,010.00.

CSW Industrials Price Performance

CSW stock traded up $0.29 during midday trading on Tuesday, reaching $265.89. The company had a trading volume of 131,881 shares, compared to its average volume of 158,014. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 35.26 and a beta of 0.84. The stock has a 50 day moving average price of $279.78 and a 200-day moving average price of $277.07. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $338.90. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51). The company had revenue of $232.99 million during the quarter, compared to analyst estimates of $249.36 million. CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. Equities research analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, April 24th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 0.5%. CSW Industrials’s payout ratio is presently 14.32%.

Institutional Trading of CSW Industrials

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. bought a new stake in CSW Industrials in the fourth quarter valued at approximately $515,553,000. Capital World Investors bought a new stake in CSW Industrials in the fourth quarter valued at approximately $308,934,000. Northwestern Mutual Wealth Management Co. bought a new stake in CSW Industrials in the fourth quarter valued at approximately $237,891,000. Morgan Stanley bought a new stake in CSW Industrials in the fourth quarter valued at approximately $196,549,000. Finally, Wasatch Advisors LP bought a new stake in CSW Industrials in the fourth quarter valued at approximately $195,630,000. 82.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on CSW. Zacks Research downgraded CSW Industrials from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Wells Fargo & Company lowered their target price on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a research note on Monday, February 2nd. The Goldman Sachs Group boosted their target price on CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Truist Financial boosted their price target on CSW Industrials from $271.00 to $292.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of CSW Industrials in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $327.14.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.