Key Points
- CEO Joseph Armes sold 1,500 CSW Industrials shares at an average price of $287.04, generating $430,560. The transaction, made under a pre-arranged Rule 10b5-1 plan, reduced his direct holdings by 2.29% to 64,083 shares.
- CSW shares fell 1.0% to $288.16, while the company reported quarterly EPS of $3.84, exceeding estimates of $3.66, and revenue of $350.65 million—up 33% year over year.
- The company declared a quarterly dividend of $0.30 per share, equivalent to a 0.4% annual yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $347.57.
CSW Industrials, Inc. (NYSE:CSW - Get Free Report) CEO Joseph Armes sold 1,500 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $287.04, for a total value of $430,560.00. Following the transaction, the chief executive officer directly owned 64,083 shares in the company, valued at approximately $18,394,384.32. The trade was a 2.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CSW Industrials Trading Down 1.0%
CSW Industrials stock traded down $2.98 during midday trading on Friday, reaching $288.16. 132,280 shares of the stock traded hands, compared to its average volume of 119,245. The firm has a market cap of $4.69 billion, a PE ratio of 39.53 and a beta of 0.81. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. The company has a 50-day simple moving average of $306.84 and a two-hundred day simple moving average of $291.10. CSW Industrials, Inc. has a 12-month low of $236.66 and a 12-month high of $355.48.
CSW Industrials (NYSE:CSW - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.66 by $0.18. The company had revenue of $350.65 million for the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The company's revenue was up 33.0% compared to the same quarter last year. Research analysts expect that CSW Industrials, Inc. will post 12.53 earnings per share for the current fiscal year.
CSW Industrials Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. CSW Industrials's dividend payout ratio (DPR) is presently 16.46%.
Institutional Trading of CSW Industrials
Several hedge funds have recently added to or reduced their stakes in CSW. BlackRock Inc. purchased a new position in CSW Industrials in the second quarter worth approximately $686,462,000. First Manhattan CO. LLC. acquired a new position in CSW Industrials during the 4th quarter worth approximately $80,257,000. Wasatch Advisors LP grew its holdings in CSW Industrials by 31.1% during the 1st quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company's stock worth $227,658,000 after acquiring an additional 207,186 shares in the last quarter. Jupiter Topco LLC acquired a new position in CSW Industrials during the 2nd quarter worth approximately $36,656,000. Finally, Bank of America Corp DE purchased a new stake in shares of CSW Industrials in the 2nd quarter valued at approximately $29,809,000. Institutional investors and hedge funds own 82.79% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on CSW. Weiss Ratings upgraded shares of CSW Industrials from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Zacks Research lowered shares of CSW Industrials from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Wall Street Zen upgraded shares of CSW Industrials from a "hold" rating to a "buy" rating in a report on Saturday, October 10th. Truist Financial raised their price target on shares of CSW Industrials from $313.00 to $332.00 and gave the company a "hold" rating in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, CSW Industrials has an average rating of "Moderate Buy" and a consensus target price of $347.57.
Read Our Latest Analysis on CSW
CSW Industrials Company Profile
(
Get Free Report)
CSW Industrials, Inc is a diversified industrial products company headquartered in Dallas, Texas. The company develops, manufactures and sells products used in the maintenance, repair, construction and improvement of residential, commercial and industrial infrastructure.
CSW Industrials operates through three primary business segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its product portfolio includes HVAC and refrigeration products, plumbing and electrical solutions, adhesives, sealants, coatings, fire- and smoke-protection products, roofing materials, building components and specialty products designed to support the reliability and performance of industrial equipment and infrastructure.
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