Key Points
- CEO sold 1,500 shares — Joseph Armes sold 1,500 CSW shares at an average $286.77 on April 15 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 1.74% to 84,494 shares (~$24.23M).
- CSW missed Q4 estimates: EPS $1.42 vs. $1.93 expected and revenue $232.99M vs. $249.36M; analysts have a consensus Hold rating with an average target of $327.14.
- CSW raised its quarterly dividend from $0.27 to $0.30 (ex-dividend Apr 24, payable May 8), an annualized $1.20 representing a 0.4% yield and a 15.92% payout ratio.
CSW Industrials, Inc. (NYSE:CSW - Get Free Report) EVP Don Sullivan sold 166 shares of CSW Industrials stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total transaction of $49,843.16. Following the completion of the transaction, the executive vice president directly owned 21,567 shares in the company, valued at $6,475,707.42. This represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CSW Industrials Stock Performance
Shares of CSW stock opened at $274.15 on Friday. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $338.90. The business's fifty day simple moving average is $280.94 and its 200-day simple moving average is $278.72. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The company has a market cap of $4.52 billion, a PE ratio of 36.36 and a beta of 0.84.
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 for the quarter, missing the consensus estimate 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 analysts' expectations of $249.36 million. Analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.
CSW Industrials Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be issued a $0.30 dividend. This is a boost from CSW Industrials's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, April 24th. CSW Industrials's dividend payout ratio is 15.92%.
Hedge Funds Weigh In On CSW Industrials
Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. purchased a new position in CSW Industrials during the 4th quarter worth approximately $515,553,000. Capital World Investors purchased a new stake in shares of CSW Industrials in the 4th quarter valued at $308,934,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of CSW Industrials in the fourth quarter worth $237,891,000. Morgan Stanley acquired a new stake in shares of CSW Industrials in the fourth quarter worth $196,549,000. Finally, Wasatch Advisors LP purchased a new position in shares of CSW Industrials during the fourth quarter worth $195,630,000. Institutional investors and hedge funds own 82.79% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Robert W. Baird started coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They issued an "outperform" rating and a $378.00 price objective for the company. The Goldman Sachs Group boosted their target price 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. Truist Financial upped their price target on shares of CSW Industrials from $271.00 to $292.00 and gave the company a "hold" rating in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of CSW Industrials in a report on Monday, December 29th. Finally, Wells Fargo & Company dropped their price objective on shares of CSW Industrials from $300.00 to $280.00 and set an "equal weight" rating on the stock in a report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, CSW Industrials has a consensus rating of "Hold" and a consensus price target of $327.14.
View Our Latest Analysis on CSW Industrials
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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