CSW Industrials, Inc. (NASDAQ:CSWI) CEO Sells $232,690.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $232.69, for a total transaction of $232,690.00. Following the completion of the transaction, the chief executive officer now directly owns 56,579 shares in the company, valued at approximately $13,165,367.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

CSW Industrials Trading Down 0.9 %

Shares of CSW Industrials stock opened at $231.88 on Friday. The company’s fifty day simple moving average is $231.98 and its 200-day simple moving average is $205.37. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 1.91 and a beta of 0.73. The company has a current ratio of 2.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. CSW Industrials, Inc. has a 1 year low of $132.06 and a 1 year high of $243.30.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.10). The company had revenue of $174.97 million during the quarter, compared to analyst estimates of $180.80 million. CSW Industrials had a return on equity of 18.47% and a net margin of 12.47%. As a group, sell-side analysts expect that CSW Industrials, Inc. will post 6.83 EPS for the current year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be paid a $0.21 dividend. This is an increase from CSW Industrials’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.84 annualized dividend and a dividend yield of 0.36%. CSW Industrials’s dividend payout ratio (DPR) is presently 13.48%.

Institutional Investors Weigh In On CSW Industrials

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dark Forest Capital Management LP acquired a new stake in shares of CSW Industrials in the third quarter worth $395,000. Jump Financial LLC boosted its stake in CSW Industrials by 62.0% during the third quarter. Jump Financial LLC now owns 9,559 shares of the basic materials company’s stock worth $1,675,000 after buying an additional 3,659 shares in the last quarter. Vaughan David Investments LLC IL acquired a new stake in CSW Industrials during the fourth quarter worth $207,000. SG Americas Securities LLC acquired a new stake in CSW Industrials during the third quarter worth $735,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in CSW Industrials during the third quarter worth $51,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

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.