Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) EVP Sells 2,222 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan sold 2,222 shares of CSW Industrials stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $292.12, for a total value of $649,090.64. Following the transaction, the executive vice president now owns 24,853 shares of the company’s stock, valued at $7,260,058.36. The trade was a 8.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Don Sullivan also recently made the following trade(s):

• On Wednesday, January 15th, Don Sullivan sold 1,800 shares of CSW Industrials stock. The shares were sold at an average price of $377.58, for a total value of $679,644.00.

CSW Industrials Stock Performance

Shares of CSW Industrials stock traded down $6.73 during trading hours on Tuesday, reaching $286.11. 165,420 shares of the company were exchanged, compared to its average volume of 122,556. The stock’s fifty day moving average is $330.53 and its 200 day moving average is $359.65. The firm has a market cap of $4.80 billion, a PE ratio of 34.18 and a beta of 0.80. CSW Industrials, Inc. has a 1 year low of $221.10 and a 1 year high of $436.50.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. Research analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is currently 11.47%.

Institutional Investors Weigh In On CSW Industrials

Several institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its position in shares of CSW Industrials by 5.3% in the 4th quarter. California State Teachers Retirement System now owns 15,554 shares of the basic materials company’s stock worth $5,487,000 after buying an additional 782 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of CSW Industrials by 111.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 51,306 shares of the basic materials company’s stock worth $18,101,000 after buying an additional 27,042 shares in the last quarter. Sovereign s Capital Management LLC purchased a new stake in shares of CSW Industrials in the 4th quarter worth about $403,000. Squarepoint Ops LLC purchased a new stake in shares of CSW Industrials in the 4th quarter worth about $2,013,000. Finally, Twinbeech Capital LP purchased a new stake in shares of CSW Industrials in the 4th quarter worth about $262,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSWI has been the subject of several recent analyst reports. Truist Financial initiated coverage on CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 price target for the company. The Goldman Sachs Group cut their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Citigroup cut their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company cut their price target on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $379.00.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.