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

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $232.69, for a total value of $232,690.00. Following the transaction, the chief executive officer now directly owns 56,579 shares of the company’s stock, valued at $13,165,367.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

CSW Industrials Stock Performance

Shares of CSWI opened at $233.98 on Friday. The stock has a 50 day moving average price of $231.83 and a 200 day moving average price of $205.17. The company has a quick ratio of 1.40, a current ratio of 2.77 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 37.56, a price-to-earnings-growth ratio of 1.92 and a beta of 0.73. CSW Industrials, Inc. has a 52-week low of $132.06 and a 52-week high of $243.30.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Thursday, February 1st. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.10). The business had revenue of $174.97 million during the quarter, compared to analyst estimates of $180.80 million. CSW Industrials had a net margin of 12.47% and a return on equity of 18.47%. Research analysts predict that CSW Industrials, Inc. will post 6.83 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.36%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, April 25th. CSW Industrials’s dividend payout ratio is 12.20%.

Hedge Funds Weigh In On CSW Industrials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its holdings in CSW Industrials by 23.8% in the third quarter. Tower Research Capital LLC TRC now owns 323 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 62 shares in the last quarter. Mawer Investment Management Ltd. lifted its stake in CSW Industrials by 0.4% in the third quarter. Mawer Investment Management Ltd. now owns 19,951 shares of the basic materials company’s stock valued at $3,496,000 after buying an additional 73 shares during the last quarter. Franklin Resources Inc. lifted its stake in CSW Industrials by 3.5% in the second quarter. Franklin Resources Inc. now owns 2,252 shares of the basic materials company’s stock valued at $374,000 after buying an additional 77 shares during the last quarter. Arizona State Retirement System lifted its stake in CSW Industrials by 1.8% in the third quarter. Arizona State Retirement System now owns 4,425 shares of the basic materials company’s stock valued at $775,000 after buying an additional 78 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in CSW Industrials by 11.0% in the third quarter. Royal Bank of Canada now owns 927 shares of the basic materials company’s stock valued at $111,000 after buying an additional 92 shares during the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

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.