Key Points
- CEO Joseph Armes sold 1,000 shares on November 14 at an average price of $250 for $250,000, reducing his stake by 1.50% to 65,493 shares valued at about $16.37 million.
- Shares fell about 4.0%, opening at $241.41; the stock has a market cap of $4.03 billion and a trailing P/E of 28.84 with a 12‑month range of $230.45–$436.50.
- CSW reported quarterly EPS of $2.96 (beating the $2.73 estimate) and paid a $0.27 quarterly dividend (0.4% yield), while analysts carry a consensus "Hold" rating with an average price target of $304.00.
CSW Industrials, Inc. (NYSE:CSW - Get Free Report) CEO Joseph Armes sold 1,000 shares of the firm's stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $250.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief executive officer directly owned 65,493 shares in the company, valued at approximately $16,373,250. This represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
CSW Industrials Stock Down 4.0%
Shares of NYSE CSW opened at $241.41 on Tuesday. The stock has a market cap of $4.03 billion, a PE ratio of 28.84 and a beta of 0.96. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $436.50. The company has a 50-day moving average of $246.10 and a 200 day moving average of $276.28.
CSW Industrials (NYSE:CSW - Get Free Report) last issued its earnings results on Thursday, October 30th. The basic materials company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%. As a group, sell-side analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.
CSW Industrials Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, October 31st. CSW Industrials's dividend payout ratio is presently 12.68%.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on CSW. Wells Fargo & Company lowered their price target on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of CSW Industrials in a research report on Tuesday, November 11th. Zacks Research lowered CSW Industrials from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 8th. Citigroup cut their target price on CSW Industrials from $261.00 to $259.00 and set a "neutral" rating for the company in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. upped their price target on CSW Industrials from $290.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, October 31st. Seven analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $304.00.
Read Our Latest Stock Report on CSW Industrials
Institutional Trading of CSW Industrials
Several institutional investors have recently added to or reduced their stakes in CSW. New York State Common Retirement Fund lifted its stake in CSW Industrials by 215.5% during the first quarter. New York State Common Retirement Fund now owns 17,405 shares of the basic materials company's stock worth $5,074,000 after purchasing an additional 11,888 shares in the last quarter. Bailard Inc. raised its holdings in shares of CSW Industrials by 2.0% in the 1st quarter. Bailard Inc. now owns 1,705 shares of the basic materials company's stock valued at $497,000 after buying an additional 33 shares during the period. IFP Advisors Inc lifted its stake in CSW Industrials by 1,554.3% during the 1st quarter. IFP Advisors Inc now owns 1,919 shares of the basic materials company's stock worth $560,000 after acquiring an additional 1,803 shares in the last quarter. Wealth Alliance LLC purchased a new position in CSW Industrials during the 1st quarter valued at about $223,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in CSW Industrials in the 1st quarter valued at about $379,000. Institutional investors and hedge funds own 82.79% of the company's stock.
About CSW Industrials
(
Get Free Report)
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.
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