Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells 9,522 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 9,522 shares of the business’s stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $138.69, for a total transaction of $1,320,606.18. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

NASDAQ CSWI opened at $135.94 on Thursday. The company has a market capitalization of $2.15 billion, a PE ratio of 42.75 and a beta of 0.81. The company has a 50-day simple moving average of $133.69. CSW Industrials, Inc. has a twelve month low of $102.90 and a twelve month high of $145.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.86.

CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Wednesday, November 3rd. The basic materials company reported $1.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.34). CSW Industrials had a net margin of 9.26% and a return on equity of 15.03%. During the same quarter in the prior year, the firm posted $1.10 earnings per share. As a group, equities analysts predict that CSW Industrials, Inc. will post 4.17 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 12th. Investors of record on Friday, October 29th were paid a $0.15 dividend. The ex-dividend date was Thursday, October 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.44%. CSW Industrials’s payout ratio is currently 18.87%.

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of CSW Industrials from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 16th. Barrington Research dropped their price objective on shares of CSW Industrials from $163.00 to $153.00 and set an “outperform” rating on the stock in a report on Thursday, November 4th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FIL Ltd increased its stake in CSW Industrials by 33.3% in the third quarter. FIL Ltd now owns 400 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 100 shares during the period. Macquarie Group Ltd. bought a new stake in CSW Industrials in the third quarter valued at about $70,000. Liberty Wealth Management LLC increased its stake in CSW Industrials by 11,824.0% in the second quarter. Liberty Wealth Management LLC now owns 8,943 shares of the basic materials company’s stock valued at $75,000 after acquiring an additional 8,868 shares during the period. Heritage Wealth Management LLC grew its stake in CSW Industrials by 54.4% during the second quarter. Heritage Wealth Management LLC now owns 653 shares of the basic materials company’s stock worth $77,000 after buying an additional 230 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in CSW Industrials by 13.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 748 shares of the basic materials company’s stock worth $96,000 after buying an additional 88 shares during the last quarter. 72.35% of the stock is currently owned by institutional investors and hedge funds.

About CSW Industrials

CSW Industrials, Inc provides performance solutions to customers. It operates through the following segments: Industrial Products and Specialty Chemicals. The Industrial products segment manufactures specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration and application equipment.

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Insider Buying and Selling by Quarter for CSW Industrials (NASDAQ:CSWI)

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