Joseph B. Armes Sells 1,000 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $341.37, for a total value of $341,370.00. Following the sale, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CSW Industrials Price Performance

CSWI stock opened at $352.44 on Thursday. CSW Industrials, Inc. has a 1 year low of $167.27 and a 1 year high of $359.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.73. The stock’s 50 day moving average price is $310.03 and its 200 day moving average price is $269.08. The firm has a market cap of $5.48 billion, a P/E ratio of 53.97, a PEG ratio of 2.52 and a beta of 0.77.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.29. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. The business had revenue of $226.18 million for the quarter, compared to analyst estimates of $215.40 million. During the same period last year, the company posted $1.97 EPS. On average, sell-side analysts expect that CSW Industrials, Inc. will post 8.45 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were paid a $0.21 dividend. The ex-dividend date was Friday, July 26th. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. CSW Industrials’s dividend payout ratio (DPR) is 12.86%.

Hedge Funds Weigh In On CSW Industrials

A number of large investors have recently bought and sold shares of CSWI. Contravisory Investment Management Inc. increased its stake in shares of CSW Industrials by 48.1% during the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 38 shares during the period. Harbor Investment Advisory LLC acquired a new stake in shares of CSW Industrials in the 1st quarter valued at $58,000. SG Americas Securities LLC acquired a new position in CSW Industrials during the 1st quarter worth $148,000. Truist Financial Corp acquired a new position in CSW Industrials during the 2nd quarter worth $203,000. Finally, Professional Advisory Services Inc. acquired a new position in CSW Industrials during the 2nd quarter worth $212,000. Institutional investors own 82.79% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CSWI. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research note on Tuesday. CL King started coverage on CSW Industrials in a research report on Friday, June 21st. They issued a “buy” rating on the stock.

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.