Luke Alverson Sells 1,100 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $321,332.00. Following the sale, the senior vice president now owns 13,434 shares of the company’s stock, valued at $3,924,340.08. The trade was a 7.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Luke Alverson also recently made the following trade(s):

• On Monday, January 13th, Luke Alverson sold 1,522 shares of CSW Industrials stock. The stock was sold at an average price of $358.16, for a total transaction of $545,119.52.

CSW Industrials Stock Performance

CSWI opened at $291.44 on Thursday. The stock has a market capitalization of $4.89 billion, a PE ratio of 34.82 and a beta of 0.80. CSW Industrials, Inc. has a one year low of $225.83 and a one year high of $436.50. The business’s 50 day moving average price is $327.71 and its 200 day moving average price is $358.82.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. As a group, equities research analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 0.33%. CSW Industrials’s dividend payout ratio is currently 11.47%.

Analyst Ratings Changes

CSWI has been the topic of several research reports. Wells Fargo & Company decreased their price target on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group decreased their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Truist Financial assumed coverage on CSW Industrials in a research report on Friday, February 14th. They issued a “hold” rating and a $362.00 price target for the company. Citigroup reduced their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, CSW Industrials has a consensus rating of “Hold” and a consensus price target of $379.00.

Hedge Funds Weigh In On CSW Industrials

Institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System boosted its stake in shares of CSW Industrials by 5.3% in the fourth quarter. California State Teachers Retirement System now owns 15,554 shares of the basic materials company’s stock valued at $5,487,000 after purchasing an additional 782 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in CSW Industrials by 111.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 51,306 shares of the basic materials company’s stock valued at $18,101,000 after buying an additional 27,042 shares during the period. Sovereign s Capital Management LLC acquired a new position in shares of CSW Industrials in the fourth quarter worth $403,000. Squarepoint Ops LLC purchased a new stake in shares of CSW Industrials during the fourth quarter worth $2,013,000. Finally, Twinbeech Capital LP purchased a new stake in shares of CSW Industrials during the fourth quarter worth $262,000. 82.79% of the stock is owned by institutional investors and hedge funds.

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.