CSW Industrials, Inc. (NASDAQ:CSWI) SVP Sells $321,332.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson sold 1,100 shares of CSW Industrials stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $292.12, for a total transaction of $321,332.00. Following the transaction, the senior vice president now directly owns 13,434 shares in the company, valued at $3,924,340.08. The trade was a 7.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, January 13th, Luke Alverson sold 1,522 shares of CSW Industrials stock. The stock was sold at an average price of $358.16, for a total transaction of $545,119.52.

CSW Industrials Stock Up 0.4 %

NASDAQ CSWI opened at $292.66 on Friday. CSW Industrials, Inc. has a 12-month low of $225.83 and a 12-month high of $436.50. The company has a market capitalization of $4.91 billion, a PE ratio of 34.97 and a beta of 0.80. The firm’s 50 day moving average is $326.35 and its 200-day moving average is $358.36.

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

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.24 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.33%. CSW Industrials’s dividend payout ratio (DPR) is presently 11.47%.

Analysts Set New Price Targets

Several brokerages have commented on CSWI. Citigroup dropped their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Truist Financial began coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 target price on the stock. The Goldman Sachs Group dropped their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Wells Fargo & Company dropped 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. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $379.00.

Hedge Funds Weigh In On CSW Industrials

Institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new position in CSW Industrials during the third quarter worth $28,000. IFP Advisors Inc increased its holdings in CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after buying an additional 97 shares during the last quarter. GAMMA Investing LLC increased its holdings in CSW Industrials by 94.3% during the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock worth $48,000 after buying an additional 66 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in CSW Industrials during the fourth quarter worth $51,000. Finally, Jones Financial Companies Lllp increased its holdings in CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock worth $58,000 after buying an additional 123 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

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.