Key Points
- CEO Joseph Armes sold 1,000 shares on Dec. 15 at $317.40 each for $317,400, trimming his stake by 1.53% to 64,493 shares valued at about $20.47 million, per an SEC filing.
- Shares opened at $311.46 and were down ~1.6%; the company has a market cap of $5.2 billion, a P/E of 36.56, a 12‑month range of $230.45–$401.02, and a consensus analyst target of $314.83 with mixed ratings.
- CSW beat recent quarterly EPS ($2.96 vs. $2.73 consensus), reported a 14.9% net margin and 14.7% ROE, pays a $0.27 quarterly dividend (annual $1.08, ~0.3% yield), and carries very low leverage (debt/equity 0.05).
CSW Industrials, Inc. (NYSE:CSW - Get Free Report) CEO Joseph Armes sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $317.40, for a total value of $317,400.00. Following the completion of the transaction, the chief executive officer owned 64,493 shares in the company, valued at $20,470,078.20. This represents a 1.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
CSW Industrials Trading Down 1.6%
Shares of CSW Industrials stock opened at $311.46 on Wednesday. The company has a market capitalization of $5.20 billion, a P/E ratio of 36.56 and a beta of 0.83. The stock has a fifty day simple moving average of $260.54 and a 200 day simple moving average of $271.45. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $401.02. The company has a current ratio of 2.76, a quick ratio of 1.32 and a debt-to-equity ratio of 0.05.
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 (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.
CSW Industrials Announces Dividend
The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, October 31st. CSW Industrials's dividend payout ratio (DPR) is presently 12.68%.
Analysts Set New Price Targets
CSW has been the topic of a number of recent analyst reports. Zacks Research cut CSW Industrials from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 8th. Citigroup upped their price objective on shares of CSW Industrials from $259.00 to $311.00 and gave the company a "neutral" rating in a report on Monday, December 8th. Wells Fargo & Company boosted their price target on shares of CSW Industrials from $265.00 to $300.00 and gave the company an "equal weight" rating in a research report on Monday. JPMorgan Chase & Co. upgraded shares of CSW Industrials from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $300.00 to $350.00 in a research note on Wednesday, December 3rd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of CSW Industrials in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, CSW Industrials has an average rating of "Hold" and a consensus target price of $314.83.
Read Our Latest Research Report on CSW Industrials
Institutional Trading of CSW Industrials
Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of CSW Industrials by 7.7% during the 1st quarter. Royal Bank of Canada now owns 53,371 shares of the basic materials company's stock valued at $15,558,000 after purchasing an additional 3,835 shares in the last quarter. Intech Investment Management LLC boosted its stake in CSW Industrials by 22.9% during the first quarter. Intech Investment Management LLC now owns 9,537 shares of the basic materials company's stock valued at $2,780,000 after buying an additional 1,774 shares during the period. Voya Investment Management LLC grew its position in CSW Industrials by 37.1% during the first quarter. Voya Investment Management LLC now owns 11,662 shares of the basic materials company's stock worth $3,400,000 after buying an additional 3,157 shares in the last quarter. Strs Ohio bought a new position in CSW Industrials in the 1st quarter worth about $1,312,000. Finally, Fred Alger Management LLC raised its holdings in shares of CSW Industrials by 5.3% in the 1st quarter. Fred Alger Management LLC now owns 59,857 shares of the basic materials company's stock valued at $17,450,000 after acquiring an additional 3,006 shares in the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.
About CSW Industrials
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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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