Insider Buying: CSW Industrials Inc (CSWI) Director Acquires 1,001 Shares of Stock

CSW Industrials Inc (NASDAQ:CSWI) Director Robert M. Swartz purchased 1,001 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were purchased at an average cost of $50.86 per share, with a total value of $50,910.86. Following the completion of the purchase, the director now directly owns 9,038 shares in the company, valued at $459,672.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of CSWI traded up $0.18 during midday trading on Thursday, reaching $50.75. 67,200 shares of the stock were exchanged, compared to its average volume of 49,611. CSW Industrials Inc has a 12-month low of $41.50 and a 12-month high of $57.20. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.18 and a quick ratio of 2.02. The company has a market capitalization of $772.25 million, a PE ratio of 23.71 and a beta of 1.47.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings results on Wednesday, November 7th. The basic materials company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.12. CSW Industrials had a positive return on equity of 14.21% and a negative net margin of 0.26%. The company had revenue of $91.60 million during the quarter, compared to the consensus estimate of $87.39 million. During the same period last year, the business earned $0.56 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis.



Several hedge funds have recently modified their holdings of CSWI. Jefferies Group LLC bought a new position in shares of CSW Industrials in the 3rd quarter valued at approximately $210,000. B. Riley Wealth Management Inc. bought a new position in shares of CSW Industrials in the 3rd quarter valued at approximately $215,000. Hudson Valley Investment Advisors Inc. ADV bought a new position in shares of CSW Industrials in the 3rd quarter valued at approximately $222,000. Trexquant Investment LP bought a new position in shares of CSW Industrials in the 2nd quarter valued at approximately $239,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of CSW Industrials in the 2nd quarter valued at approximately $255,000. 73.11% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub raised CSW Industrials from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $61.00.

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About CSW Industrials

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. The company operates through two segments, Industrial Products and Specialty Chemicals. The Industrial Products segment offers specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration, and application equipment for use with specialty chemicals and other products.

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