Key Points
- CSW Industrials SVP Luke Alverson sold 1,007 shares on April 7 at an average price of $266.11 under a pre-arranged Rule 10b5-1 trading plan, reducing his stake by 6.96% to 13,457 shares (about $3.58M).
- Alverson also sold 500 shares on Feb. 11 at $316.02, signaling multiple recent insider sales.
- Separately, CSW missed quarterly estimates with EPS of $1.42 versus $1.93 expected, and raised its quarterly dividend to $0.30 (ex-dividend Apr. 24; payable May 8).
CSW Industrials, Inc. (NYSE:CSW - Get Free Report) SVP Luke Alverson sold 1,007 shares of the stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $266.11, for a total transaction of $267,972.77. Following the transaction, the senior vice president owned 13,457 shares in the company, valued at approximately $3,581,042.27. The trade was a 6.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Luke Alverson also recently made the following trade(s):
- On Wednesday, February 11th, Luke Alverson sold 500 shares of CSW Industrials stock. The stock was sold at an average price of $316.02, for a total transaction of $158,010.00.
CSW Industrials Stock Performance
Shares of NYSE:CSW opened at $265.89 on Wednesday. The company's 50 day moving average price is $278.79 and its two-hundred day moving average price is $277.14. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $338.90. The firm has a market cap of $4.38 billion, a PE ratio of 35.26 and a beta of 0.84. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72.
CSW Industrials (NYSE:CSW - Get Free Report) last announced its earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.93 by ($0.51). CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%.The business had revenue of $232.99 million for the quarter, compared to analyst estimates of $249.36 million. Equities research analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.
CSW Industrials Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, April 24th. This is a boost from CSW Industrials's previous quarterly dividend of $0.27. CSW Industrials's dividend payout ratio (DPR) is currently 14.32%.
Analyst Ratings Changes
CSW has been the topic of a number of analyst reports. Citigroup decreased their target price on shares of CSW Industrials from $333.00 to $307.00 and set a "neutral" rating on the stock in a research report on Friday, January 30th. CJS Securities upgraded shares of CSW Industrials to a "strong-buy" rating in a research report on Thursday, December 11th. Robert W. Baird initiated coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They set an "outperform" rating and a $378.00 target price on the stock. Wells Fargo & Company decreased their target price on shares of CSW Industrials from $300.00 to $280.00 and set an "equal weight" rating on the stock in a research report on Monday, February 2nd. Finally, The Goldman Sachs Group increased their price target on shares of CSW Industrials from $302.00 to $333.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $327.14.
Read Our Latest Analysis on CSW
Institutional Trading of CSW Industrials
Large investors have recently made changes to their positions in the company. Arax Advisory Partners acquired a new stake in shares of CSW Industrials during the 4th quarter worth approximately $28,000. Danske Bank A S bought a new position in CSW Industrials in the 4th quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in CSW Industrials in the 4th quarter valued at approximately $31,000. Global Retirement Partners LLC bought a new position in CSW Industrials in the 4th quarter valued at approximately $31,000. Finally, CWM LLC bought a new position in CSW Industrials in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 82.79% of the company's stock.
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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