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

CSW Industrials, Inc. (NASDAQ:CSWI) SVP Luke Alverson sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $321,332.00. Following the completion of the sale, the senior vice president now directly owns 13,434 shares of the company’s stock, valued at approximately $3,924,340.08. This represents a 7.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $358.16, for a total transaction of $545,119.52.

CSW Industrials Price Performance

Shares of NASDAQ CSWI traded down $6.73 during midday trading on Tuesday, reaching $286.11. 165,420 shares of the stock were exchanged, compared to its average volume of 122,556. The business has a 50-day simple moving average of $330.53 and a two-hundred day simple moving average of $359.65. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 34.18 and a beta of 0.80. CSW Industrials, Inc. has a 12 month low of $221.10 and a 12 month high of $436.50.

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

CSW Industrials Announces Dividend

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 dividend on an annualized basis and a dividend yield of 0.34%. CSW Industrials’s dividend payout ratio is 11.47%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On CSW Industrials

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of CSW Industrials by 7.4% during the third quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock worth $142,536,000 after purchasing an additional 26,728 shares in the last quarter. Mutual of America Capital Management LLC bought a new stake in CSW Industrials in the 3rd quarter valued at $916,000. Raymond James Financial Inc. bought a new stake in CSW Industrials in the 4th quarter valued at $18,197,000. Charles Schwab Investment Management Inc. lifted its position in CSW Industrials by 13.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock valued at $61,689,000 after acquiring an additional 19,659 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in CSW Industrials by 40.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock valued at $10,414,000 after acquiring an additional 8,161 shares in the last quarter. 82.79% of the stock is owned by institutional investors.

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.