Luke Alverson Sells 1,007 Shares of CSW Industrials (NYSE:CSW) Stock

CSW Industrials, Inc. (NYSE:CSW) SVP Luke Alverson sold 1,007 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $266.11, for a total value of $267,972.77. Following the sale, the senior vice president directly owned 13,457 shares in the company, valued at $3,581,042.27. The trade was a 6.96% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, February 11th, Luke Alverson sold 500 shares of CSW Industrials stock. The stock was sold at an average price of $316.02, for a total value of $158,010.00.

CSW Industrials Trading Up 4.2%

Shares of NYSE CSW opened at $278.03 on Thursday. The business’s 50 day moving average is $278.36 and its two-hundred day moving average is $277.15. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $338.90. The stock has a market capitalization of $4.58 billion, a P/E ratio of 36.87 and a beta of 0.84.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings data on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.51). CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%.The company had revenue of $232.99 million for the quarter, compared to the consensus estimate of $249.36 million. As a group, research analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, April 24th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 0.4%. CSW Industrials’s payout ratio is presently 14.32%.

Institutional Trading of CSW Industrials

Large investors have recently modified their holdings of the company. Arax Advisory Partners bought a new position in CSW Industrials in the fourth quarter worth approximately $28,000. Danske Bank A S bought a new position in CSW Industrials in the fourth quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in CSW Industrials in the fourth quarter worth approximately $31,000. Global Retirement Partners LLC bought a new position in CSW Industrials in the fourth quarter worth approximately $31,000. Finally, CWM LLC bought a new position in CSW Industrials in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Ratings Changes

CSW has been the topic of a number of analyst reports. Zacks Research cut CSW Industrials from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Citigroup cut their target price on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Robert W. Baird initiated coverage on CSW Industrials in a research note on Tuesday, February 17th. They set an “outperform” rating and a $378.00 target price on the stock. The Goldman Sachs Group upped their target price on CSW Industrials from $302.00 to $333.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Finally, Wells Fargo & Company cut their target price on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $327.14.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.