Key Points
- CEO Joseph Armes sold 1,500 shares of CSW Industrials stock for about $419,280 under a pre-arranged Rule 10b5-1 trading plan, leaving him with 69,100 shares.
- CSW Industrials beat quarterly earnings expectations, reporting EPS of $3.14 versus the consensus $2.34, while revenue rose 34% year over year to $308.96 million.
- The company recently raised its quarterly dividend to $0.30 per share from $0.27, and analysts currently have a Moderate Buy consensus with a price target of $328.57.
CSW Industrials, Inc. (NYSE:CSW - Get Free Report) CEO Joseph Armes sold 1,500 shares of the company's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $279.52, for a total transaction of $419,280.00. Following the completion of the sale, the chief executive officer directly owned 69,100 shares in the company, valued at $19,314,832. This trade represents a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CSW Industrials Stock Up 0.9%
Shares of NYSE CSW opened at $275.11 on Wednesday. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $337.02. The company has a market capitalization of $4.49 billion, a PE ratio of 41.18 and a beta of 0.84. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.60 and a quick ratio of 1.23. The firm's 50-day moving average is $278.00 and its two-hundred day moving average is $288.00.
CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.80. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The company had revenue of $308.96 million for the quarter. The firm's revenue was up 34.0% compared to the same quarter last year. Equities analysts anticipate that CSW Industrials, Inc. will post 12.52 EPS for the current fiscal year.
CSW Industrials Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. This is a boost from CSW Industrials's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, April 24th. CSW Industrials's payout ratio is currently 17.96%.
Institutional Investors Weigh In On CSW Industrials
Large investors have recently made changes to their positions in the business. Valley Wealth Managers Inc. acquired a new stake in shares of CSW Industrials in the first quarter worth $26,000. Arax Advisory Partners acquired a new stake in shares of CSW Industrials in the fourth quarter worth $28,000. Danske Bank A S acquired a new stake in shares of CSW Industrials in the fourth quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of CSW Industrials in the fourth quarter worth $31,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of CSW Industrials in the fourth quarter worth $31,000. Institutional investors and hedge funds own 82.79% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on CSW. Wells Fargo & Company upped their price target on shares of CSW Industrials from $280.00 to $285.00 and gave the company an "equal weight" rating in a report on Wednesday, May 27th. Citigroup reduced their price objective on shares of CSW Industrials from $307.00 to $304.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 27th. Truist Financial reduced their price objective on shares of CSW Industrials from $301.00 to $300.00 and set a "hold" rating on the stock in a research note on Wednesday, May 27th. Zacks Research raised shares of CSW Industrials from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 8th. Finally, Weiss Ratings raised shares of CSW Industrials from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, May 26th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, CSW Industrials currently has a consensus rating of "Moderate Buy" and a consensus price target of $328.57.
View Our Latest Analysis on CSW
CSW Industrials Company Profile
(
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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