Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) Director Sells 200 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI) Director Robert M. Swartz sold 200 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $307.21, for a total transaction of $61,442.00. Following the sale, the director now directly owns 13,319 shares in the company, valued at $4,091,729.99. This trade represents a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

CSW Industrials Price Performance

Shares of NASDAQ CSWI opened at $301.81 on Wednesday. The company’s 50 day simple moving average is $341.64 and its 200 day simple moving average is $361.27. CSW Industrials, Inc. has a fifty-two week low of $221.10 and a fifty-two week high of $436.50. The firm has a market capitalization of $5.07 billion, a P/E ratio of 36.06 and a beta of 0.84.

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

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is currently 11.47%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 acquiring an additional 27,042 shares during the period. Sovereign s Capital Management LLC bought a new position in shares of CSW Industrials in the 4th quarter valued at about $403,000. Squarepoint Ops LLC bought a new position in shares of CSW Industrials in the 4th quarter valued at about $2,013,000. Twinbeech Capital LP bought a new position in shares of CSW Industrials in the 4th quarter valued at about $262,000. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of CSW Industrials in the 4th quarter valued at about $252,000. Institutional investors own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CSWI shares. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Citigroup decreased their price target on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. 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 price target 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. Finally, Truist Financial initiated coverage on shares of CSW Industrials in a report on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective on the stock. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $379.00.

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.