Key Points
- EVP Don Sullivan sold 4,136 CSW shares on Dec. 8 at an average $301.41 for about $1.25M; he now owns 18,196 shares, an 18.52% reduction, according to an SEC filing.
- CSW beat earnings last quarter (EPS $2.96 vs. $2.73 estimate) with a 14.9% net margin and 14.7% ROE, while analysts carry a consensus "Hold" rating and a $328.67 target.
- Stock and dividend snapshot: shares near $300.74 (up 1.6%), market cap about $5.02B, P/E 35.3, and a $0.27 quarterly dividend (0.4% yield); institutional investors own roughly 82.8%.
CSW Industrials, Inc. (NYSE:CSW - Get Free Report) EVP Don Sullivan sold 4,136 shares of CSW Industrials stock in a transaction on Monday, December 8th. The stock was sold at an average price of $301.41, for a total transaction of $1,246,631.76. Following the sale, the executive vice president owned 18,196 shares in the company, valued at $5,484,456.36. This represents a 18.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
CSW Industrials Trading Up 1.6%
Shares of CSW stock opened at $300.74 on Wednesday. The firm has a fifty day moving average of $254.04 and a 200-day moving average of $271.15. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of 35.30 and a beta of 0.83. CSW Industrials, Inc. has a 52-week low of $230.45 and a 52-week high of $406.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.32 and a current ratio of 2.76.
CSW Industrials (NYSE:CSW - Get Free Report) last posted its earnings results 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 net margin of 14.88% and a return on equity of 14.74%. On average, equities research analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.
CSW Industrials Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were given 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 dividend payout ratio (DPR) is 12.68%.
Hedge Funds Weigh In On CSW Industrials
A number of institutional investors have recently modified their holdings of CSW. Matrix Trust Co grew its stake in shares of CSW Industrials by 91.1% during the second quarter. Matrix Trust Co now owns 86 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 41 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in CSW Industrials by 517.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock valued at $31,000 after buying an additional 88 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in shares of CSW Industrials by 27.3% in the 2nd quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company's stock valued at $79,000 after buying an additional 59 shares during the period. GAMMA Investing LLC raised its position 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 acquiring an additional 132 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of CSW Industrials by 81.6% during the first quarter. Covestor Ltd now owns 443 shares of the basic materials company's stock valued at $129,000 after acquiring an additional 199 shares during the period. 82.79% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages recently commented on CSW. Jefferies Financial Group set a $350.00 price target on CSW Industrials in a research note on Wednesday, December 3rd. Citigroup upped their target price on shares of CSW Industrials from $259.00 to $311.00 and gave the stock a "neutral" rating in a report on Monday. Zacks Research cut shares of CSW Industrials from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 8th. Weiss Ratings reissued a "hold (c)" rating on shares of CSW Industrials in a report on Monday. Finally, Truist Financial upped their price objective on shares of CSW Industrials from $273.00 to $276.00 and gave the stock a "hold" rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $328.67.
View Our Latest Research Report on CSW Industrials
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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