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

CSW Industrials, Inc. (NASDAQ:CSWI – Get Rating) CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $131.61, for a total value of $131,610.00. Following the completion of the sale, the chief executive officer now owns 54,176 shares of the company’s stock, valued at $7,130,103.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CSW Industrials Trading Down 3.0 %

Shares of NASDAQ:CSWI traded down $4.04 on Friday, hitting $131.15. 110,543 shares of the company’s stock were exchanged, compared to its average volume of 83,435. CSW Industrials, Inc. has a 12 month low of $96.03 and a 12 month high of $148.91. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 23.29 and a beta of 0.80. The business’s 50 day simple moving average is $136.01 and its two-hundred day simple moving average is $126.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.95 and a quick ratio of 1.32.

CSW Industrials (NASDAQ:CSWI – Get Rating) last released its earnings results on Thursday, February 2nd. The basic materials company reported $1.01 earnings per share for the quarter. CSW Industrials had a return on equity of 18.32% and a net margin of 11.94%. The business had revenue of $171.09 million during the quarter.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 10th. Investors of record on Friday, January 27th were issued a $0.17 dividend. The ex-dividend date was Thursday, January 26th. This represents a $0.68 annualized dividend and a dividend yield of 0.52%. CSW Industrials’s payout ratio is currently 12.08%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on CSW Industrials in a research report on Thursday. They set a “buy” rating for the company.

Institutional Trading of CSW Industrials

Institutional investors and hedge funds have recently made changes to their positions in the company. State of New Jersey Common Pension Fund D bought a new stake in shares of CSW Industrials in the third quarter valued at about $2,171,000. Shell Asset Management Co. raised its holdings in shares of CSW Industrials by 56.2% in the second quarter. Shell Asset Management Co. now owns 2,501 shares of the basic materials company’s stock valued at $258,000 after acquiring an additional 900 shares in the last quarter. TD Asset Management Inc. raised its holdings in shares of CSW Industrials by 13.6% in the third quarter. TD Asset Management Inc. now owns 16,660 shares of the basic materials company’s stock valued at $2,011,000 after acquiring an additional 2,000 shares in the last quarter. WCM Investment Management LLC bought a new stake in shares of CSW Industrials in the second quarter valued at about $11,075,000. Finally, Mechanics Bank Trust Department bought a new stake in shares of CSW Industrials in the third quarter valued at about $230,000. 79.10% of the stock is currently owned by institutional investors.

About CSW Industrials

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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.