Key Points
- CSW CEO Joseph Armes sold 1,000 shares on January 15 at an average price of $328.64 (proceeds $328,640), cutting his stake by 1.57% to 62,526 shares; the sale was reported on an SEC Form 4.
- The company announced a quarterly dividend of $0.27 per share (annualized $1.08, yield ~0.3%, ex-dividend Jan 30, payable Feb 13) and the stock carries a market cap of $5.53B with a P/E of 38.9.
- Several institutions added large Q4 positions (e.g., Congress Asset Management, Vaughan Nelson), leaving roughly 82.8% of shares held by institutions, while analysts maintain a consensus "Hold" rating with an average target of $323.67.
CSW Industrials, Inc. (NYSE:CSW - Get Free Report) CEO Joseph Armes sold 1,000 shares of the company's stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $328.64, for a total transaction of $328,640.00. Following the sale, the chief executive officer owned 62,526 shares of the company's stock, valued at approximately $20,548,544.64. The trade was a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
CSW Industrials Stock Up 0.7%
CSW opened at $331.34 on Friday. 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. The business's 50-day moving average price is $291.74 and its 200-day moving average price is $272.82. The company has a market cap of $5.53 billion, a P/E ratio of 38.89 and a beta of 0.82.
CSW Industrials (NYSE:CSW - Get Free Report) last posted its quarterly 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 return on equity of 14.74% and a net margin of 14.88%. On average, equities analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current year.
CSW Industrials Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, January 30th. CSW Industrials's dividend payout ratio is currently 12.68%.
Institutional Investors Weigh In On CSW Industrials
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Congress Asset Management Co. purchased a new position in CSW Industrials during the fourth quarter valued at $65,002,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of CSW Industrials in the 4th quarter worth about $53,434,000. Allspring Global Investments Holdings LLC bought a new position in shares of CSW Industrials in the 4th quarter worth about $41,461,000. SG Americas Securities LLC purchased a new position in CSW Industrials during the 4th quarter valued at about $39,915,000. Finally, Riverbridge Partners LLC bought a new stake in CSW Industrials during the fourth quarter worth about $38,280,000. 82.79% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
CSW has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of CSW Industrials in a research note on Monday, December 29th. CJS Securities upgraded CSW Industrials to a "strong-buy" rating in a report on Thursday, December 11th. Citigroup increased their price objective on CSW Industrials from $311.00 to $333.00 and gave the stock a "neutral" rating in a report on Monday. Truist Financial boosted their target price on CSW Industrials from $273.00 to $276.00 and gave the company a "hold" rating in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their target price on CSW Industrials from $302.00 to $333.00 and gave the company a "neutral" rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $323.67.
View Our Latest Stock Analysis on CSW
CSW Industrials Company Profile
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Get Free Report)
CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company's offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.
In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.
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