CSW Industrials, Inc. (NYSE:CSW - Get Free Report) SVP Luke Alverson sold 1,007 shares of the company's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $289.57, for a total value of $291,596.99. Following the completion of the transaction, the senior vice president directly owned 12,450 shares in the company, valued at approximately $3,605,146.50. The trade was a 7.48% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Tuesday, April 7th, Luke Alverson sold 1,007 shares of CSW Industrials stock. The stock was sold at an average price of $266.11, for a total value of $267,972.77.
- 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 value of $158,010.00.
CSW Industrials Stock Performance
Shares of CSW stock opened at $278.42 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97. CSW Industrials, Inc. has a fifty-two week low of $230.45 and a fifty-two week high of $338.90. The stock's 50-day moving average is $278.33 and its two-hundred day moving average is $282.71. The firm has a market cap of $4.59 billion, a P/E ratio of 36.93 and a beta of 0.88.
CSW Industrials Increases Dividend
The company 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 $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, April 24th. This is an increase from CSW Industrials's previous quarterly dividend of $0.27. CSW Industrials's payout ratio is currently 15.92%.
Institutional Trading of CSW Industrials
Several large investors have recently made changes to their positions in CSW. Arax Advisory Partners bought a new stake in CSW Industrials during the 4th quarter valued at approximately $28,000. Danske Bank A S bought a new stake in CSW Industrials during the 4th quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in CSW Industrials during the 4th quarter valued at approximately $31,000. Global Retirement Partners LLC bought a new stake in CSW Industrials during the 4th quarter valued at approximately $31,000. Finally, CWM LLC bought a new stake in CSW Industrials during the 4th quarter valued at approximately $32,000. Institutional investors own 82.79% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on CSW shares. Robert W. Baird started coverage on CSW Industrials in a research note on Tuesday, February 17th. They set an "outperform" rating and a $378.00 price target for the company. Truist Financial upped their price target on CSW Industrials from $292.00 to $301.00 and gave the stock a "hold" rating in a research note on Monday, April 20th. The Goldman Sachs Group upped their price target on CSW Industrials from $302.00 to $333.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 13th. Zacks Research downgraded CSW Industrials from a "hold" rating to a "strong sell" rating in a research note on Friday, February 6th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of CSW Industrials in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, CSW Industrials currently has an average rating of "Hold" and an average target price of $328.43.
Read 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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