CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells $178,380.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $178.38, for a total transaction of $178,380.00. Following the transaction, the chief executive officer now owns 51,431 shares of the company’s stock, valued at $9,174,261.78. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

CSW Industrials Trading Down 1.0 %

Shares of CSW Industrials stock opened at $176.48 on Tuesday. The firm has a market capitalization of $2.74 billion, a PE ratio of 28.06 and a beta of 0.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.99 and a quick ratio of 1.52. The company’s fifty day moving average price is $178.74 and its two-hundred day moving average price is $156.15. CSW Industrials, Inc. has a 52-week low of $111.70 and a 52-week high of $190.63.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $1.97 earnings per share (EPS) for the quarter. The firm had revenue of $203.36 million for the quarter. CSW Industrials had a net margin of 12.82% and a return on equity of 18.88%.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Friday, July 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Thursday, July 27th. CSW Industrials’s dividend payout ratio (DPR) is presently 12.08%.

Institutional Investors Weigh In On CSW Industrials

Several institutional investors and hedge funds have recently bought and sold shares of CSWI. Morgan Stanley increased its holdings in CSW Industrials by 681.4% in the 4th quarter. Morgan Stanley now owns 499,560 shares of the basic materials company’s stock valued at $57,914,000 after buying an additional 435,627 shares during the period. Neuberger Berman Group LLC grew its holdings in shares of CSW Industrials by 12.4% in the 4th quarter. Neuberger Berman Group LLC now owns 1,108,778 shares of the basic materials company’s stock worth $128,541,000 after purchasing an additional 122,656 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new stake in shares of CSW Industrials in the 1st quarter worth about $9,642,000. Jacobson & Schmitt Advisors LLC bought a new stake in shares of CSW Industrials in the 1st quarter worth about $8,479,000. Finally, BlackRock Inc. grew its holdings in shares of CSW Industrials by 5.1% in the 2nd quarter. BlackRock Inc. now owns 1,041,018 shares of the basic materials company’s stock worth $173,007,000 after purchasing an additional 50,102 shares during the last quarter. Institutional investors own 80.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of CSW Industrials in a research note on Thursday, August 17th. They set a “buy” rating for the company.

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.