Luke Alverson Sells 500 Shares of CSW Industrials (NYSE:CSW) Stock

Key Points

  • SVP Luke Alverson sold 500 shares of CSW on Feb. 11 at an average price of $316.02 for $158,010, leaving him with 12,450 shares (a 3.86% reduction); he also sold 280 shares on Dec. 2 at $272.95.
  • CSW missed quarterly expectations, reporting EPS of $1.42 vs. a $1.93 consensus and revenue of $232.99M vs. $249.36M, while analysts hold a consensus "Hold" rating with an average price target of about $318.67.

CSW Industrials, Inc. (NYSE:CSW - Get Free Report) SVP Luke Alverson sold 500 shares of the firm's stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $316.02, for a total transaction of $158,010.00. Following the completion of the transaction, the senior vice president directly owned 12,450 shares in the company, valued at approximately $3,934,449. This represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Luke Alverson also recently made the following trade(s):

  • On Tuesday, December 2nd, Luke Alverson sold 280 shares of CSW Industrials stock. The stock was sold at an average price of $272.95, for a total transaction of $76,426.00.

CSW Industrials Price Performance

CSW stock opened at $309.54 on Friday. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $338.90. The firm has a market capitalization of $5.10 billion, a PE ratio of 41.05 and a beta of 0.83. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97. The business has a 50 day simple moving average of $307.06 and a 200-day simple moving average of $273.59.




CSW Industrials (NYSE:CSW - Get Free Report) last issued its earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.51). CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. The company had revenue of $232.99 million during the quarter, compared to analysts' expectations of $249.36 million. Equities research analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th 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, January 30th. CSW Industrials's dividend payout ratio (DPR) is presently 14.32%.

Institutional Trading of CSW Industrials

A number of hedge funds have recently added to or reduced their stakes in CSW. Danske Bank A S purchased a new stake in shares of CSW Industrials in the fourth quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of CSW Industrials in the 4th quarter valued at approximately $31,000. Global Retirement Partners LLC acquired a new stake in shares of CSW Industrials during the 4th quarter valued at approximately $31,000. CWM LLC acquired a new position in CSW Industrials in the fourth quarter worth $32,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of CSW Industrials in the fourth quarter valued at $34,000. 82.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CSW. Wells Fargo & Company dropped their target price on shares of CSW Industrials from $300.00 to $280.00 and set an "equal weight" rating for the company in a report on Monday, February 2nd. JPMorgan Chase & Co. upgraded shares of CSW Industrials from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $300.00 to $350.00 in a research note on Wednesday, December 3rd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of CSW Industrials in a research note on Monday, December 29th. CJS Securities raised shares of CSW Industrials to a "strong-buy" rating in a research report on Thursday, December 11th. Finally, Citigroup lowered their target price on shares of CSW Industrials from $333.00 to $307.00 and set a "neutral" rating for the company in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $318.67.

Get Our Latest Analysis on CSW

About CSW Industrials

(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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