Key Points
- SVP Luke Alverson sold 280 shares on Dec. 2 at an average of $272.95 for $76,426, leaving him with 13,110 shares (a 2.09% reduction, valued at about $3.58M).
- CSW shares were trading up ~1.5%; the company reported Q EPS of $2.96 (beating estimates of $2.73), pays a $0.27 quarterly dividend (≈0.4% yield), and holds a consensus "Hold" rating with a $311.67 target.
CSW Industrials, Inc. (NYSE:CSW - Get Free Report) SVP Luke Alverson sold 280 shares of the company's stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $272.95, for a total value of $76,426.00. Following the sale, the senior vice president owned 13,110 shares of the company's stock, valued at approximately $3,578,374.50. This represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
CSW Industrials Trading Up 1.5%
Shares of NYSE:CSW opened at $277.44 on Wednesday. The company has a current ratio of 2.76, a quick ratio of 1.32 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $4.63 billion, a PE ratio of 32.56 and a beta of 0.83. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $425.12. The business's fifty day simple moving average is $248.26 and its 200-day simple moving average is $271.62.
CSW Industrials (NYSE:CSW - Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The basic materials company reported $2.96 earnings per share for the quarter, beating analysts' consensus estimates of $2.73 by $0.23. CSW Industrials had a return on equity of 14.74% and a net margin of 14.88%. As a group, equities research analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.
CSW Industrials Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, October 31st. CSW Industrials's payout ratio is 12.68%.
Hedge Funds Weigh In On CSW Industrials
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSW. Matrix Trust Co lifted its position in CSW Industrials by 91.1% during the 2nd quarter. Matrix Trust Co now owns 86 shares of the basic materials company's stock worth $25,000 after acquiring an additional 41 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of CSW Industrials by 517.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 88 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of CSW Industrials by 27.3% in the second quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company's stock worth $79,000 after purchasing an additional 59 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of CSW Industrials by 44.6% during the second quarter. GAMMA Investing LLC now owns 428 shares of the basic materials company's stock worth $123,000 after purchasing an additional 132 shares during the period. Finally, Covestor Ltd boosted its position in CSW Industrials by 81.6% in the first quarter. Covestor Ltd now owns 443 shares of the basic materials company's stock valued at $129,000 after buying an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on CSW shares. Zacks Research downgraded shares of CSW Industrials from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on CSW Industrials from $290.00 to $300.00 and gave the stock a "neutral" rating in a research report on Friday, October 31st. Truist Financial boosted their target price on CSW Industrials from $273.00 to $276.00 and gave the stock a "hold" rating in a research note on Wednesday, October 8th. Citigroup decreased their price target 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, Weiss Ratings reissued a "hold (c)" rating on shares of CSW Industrials in a report on Monday. Seven research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $311.67.
Check Out Our Latest Stock Analysis on CSW
CSW Industrials Company Profile
(
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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