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 company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 51,579 shares in the company, valued at $17,607,523.23. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

CSW Industrials Stock Up 0.8 %

CSWI traded up $2.75 during midday trading on Tuesday, reaching $342.96. 193,488 shares of the company were exchanged, compared to its average volume of 108,497. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 52.10, a price-to-earnings-growth ratio of 2.52 and a beta of 0.77. CSW Industrials, Inc. has a one year low of $167.27 and a one year high of $345.25. The company’s fifty day moving average price is $307.02 and its 200 day moving average price is $267.69. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.73.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $215.40 million. During the same quarter in the prior year, the company posted $1.97 earnings per share. As a group, analysts expect that CSW Industrials, Inc. will post 8.45 EPS for the current year.

CSW Industrials Announces Dividend

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

Institutional Investors Weigh In On CSW Industrials

A number of institutional investors have recently added to or reduced their stakes in CSWI. Contravisory Investment Management Inc. lifted its position in shares of CSW Industrials by 48.1% during the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after buying an additional 38 shares in the last quarter. Harbor Investment Advisory LLC bought a new stake in CSW Industrials during the first quarter worth $58,000. SG Americas Securities LLC bought a new position in CSW Industrials in the 1st quarter valued at $148,000. Russell Investments Group Ltd. boosted its holdings in shares of CSW Industrials by 20,750.0% in the 1st quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock worth $196,000 after buying an additional 830 shares during the last quarter. Finally, TCI Wealth Advisors Inc. bought a new stake in CSW Industrials in the first quarter worth about $202,000. 82.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CSWI has been the topic of a number of research reports. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. CL King assumed coverage on shares of CSW Industrials in a report on Friday, June 21st. They set a “buy” rating on the stock.

About CSW Industrials

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.