Jeff Underwood Sells 720 Shares of CSW Industrials (NYSE:CSW) Stock

CSW Industrials, Inc. (NYSE:CSW) EVP Jeff Underwood sold 720 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $346.96, for a total transaction of $249,811.20. Following the completion of the sale, the executive vice president directly owned 6,409 shares in the company, valued at approximately $2,223,666.64. This trade represents a 10.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CSW Industrials Stock Down 1.0%

CSW opened at $347.86 on Thursday. The company has a 50 day moving average of $291.39 and a 200 day moving average of $284.39. The company has a market cap of $5.67 billion, a PE ratio of 47.72 and a beta of 0.83. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $355.48. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77.

CSW Industrials (NYSE:CSW) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $0.18. The business had revenue of $350.65 million for the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. CSW Industrials’s revenue for the quarter was up 33.0% on a year-over-year basis. On average, sell-side analysts expect that CSW Industrials, Inc. will post 12.77 EPS for the current year.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, July 31st. CSW Industrials’s payout ratio is presently 16.46%.

Hedge Funds Weigh In On CSW Industrials

A number of institutional investors have recently made changes to their positions in CSW. Arax Advisory Partners bought a new stake in shares of CSW Industrials during the 4th quarter worth $28,000. Danske Bank A S bought a new position in CSW Industrials in the fourth quarter valued at $29,000. Valley Wealth Managers Inc. bought a new position in CSW Industrials in the first quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in CSW Industrials during the fourth quarter valued at about $31,000. Finally, Global Retirement Partners LLC purchased a new stake in CSW Industrials during the fourth quarter valued at about $31,000. Institutional investors own 82.79% of the company’s stock.

Wall Street Analysts Forecast Growth

CSW has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Citigroup increased their price target on shares of CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Truist Financial boosted their price objective on shares of CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Finally, Wells Fargo & Company increased their target price on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, CSW Industrials presently has an average rating of “Moderate Buy” and an average price target of $347.57.

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.