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 CSW Industrials stock in a transaction on Friday, September 15th. The stock was sold at an average price of $178.38, for a total value of $178,380.00. Following the sale, the chief executive officer now directly owns 51,431 shares of the company’s stock, valued at approximately $9,174,261.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

CSW Industrials Price Performance

Shares of CSW Industrials stock traded down $1.85 during midday trading on Monday, hitting $176.48. 49,164 shares of the company traded hands, compared to its average volume of 63,183. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 28.36 and a beta of 0.83. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.52 and a current ratio of 2.99. The firm’s fifty day moving average price is $178.38 and its 200-day moving average price is $155.91. CSW Industrials, Inc. has a 12 month low of $111.70 and a 12 month 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. CSW Industrials had a net margin of 12.82% and a return on equity of 18.88%. The company had revenue of $203.36 million during the quarter.

CSW Industrials Announces Dividend

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

Institutional Trading of CSW Industrials

Hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System grew its position in CSW Industrials by 2.1% in the 2nd quarter. California State Teachers Retirement System now owns 18,748 shares of the basic materials company’s stock worth $3,116,000 after purchasing an additional 392 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of CSW Industrials by 15.2% during the second quarter. Wells Fargo & Company MN now owns 21,914 shares of the basic materials company’s stock valued at $3,642,000 after acquiring an additional 2,892 shares during the last quarter. Bragg Financial Advisors Inc boosted its position in CSW Industrials by 0.6% in the second quarter. Bragg Financial Advisors Inc now owns 75,689 shares of the basic materials company’s stock worth $12,579,000 after purchasing an additional 426 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in CSW Industrials by 12,718.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 14,228 shares of the basic materials company’s stock valued at $2,365,000 after purchasing an additional 14,117 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in CSW Industrials by 31.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 55,146 shares of the basic materials company’s stock valued at $9,165,000 after purchasing an additional 13,337 shares during the period. Institutional investors own 80.54% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of CSW Industrials in a research note on Thursday, August 17th. They issued 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.