Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) EVP Sells 2,222 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan sold 2,222 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 $649,090.64. Following the sale, the executive vice president now directly owns 24,853 shares in the company, valued at $7,260,058.36. The trade was a 8.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Don Sullivan also recently made the following trade(s):

• On Wednesday, January 15th, Don Sullivan sold 1,800 shares of CSW Industrials stock. The stock was sold at an average price of $377.58, for a total value of $679,644.00.

CSW Industrials Price Performance

Shares of CSWI opened at $291.44 on Thursday. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 34.82 and a beta of 0.80. CSW Industrials, Inc. has a 1-year low of $225.83 and a 1-year high of $436.50. The company has a 50-day moving average of $327.71 and a 200 day moving average of $358.82.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. On average, equities analysts anticipate 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials’s payout ratio is 11.47%.

Analyst Upgrades and Downgrades

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

Institutional Trading of CSW Industrials

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in CSW Industrials by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock valued at $142,536,000 after purchasing an additional 26,728 shares during the period. Mutual of America Capital Management LLC bought a new position in shares of CSW Industrials during the third quarter valued at approximately $916,000. Raymond James Financial Inc. purchased a new position in CSW Industrials during the fourth quarter valued at approximately $18,197,000. Charles Schwab Investment Management Inc. raised its stake in CSW Industrials by 13.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock worth $61,689,000 after buying an additional 19,659 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in CSW Industrials by 40.3% during the third quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock worth $10,414,000 after buying an additional 8,161 shares during the period. 82.79% of the stock is currently owned by institutional investors.

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.