Joseph B. Armes Sells 6,073 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWIGet Rating) CEO Joseph B. Armes sold 6,073 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $120.44, for a total transaction of $731,432.12. Following the completion of the transaction, the chief executive officer now owns 66,123 shares of the company’s stock, valued at $7,963,854.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

CSW Industrials Price Performance

Shares of CSWI opened at $117.46 on Thursday. The firm has a market cap of $1.84 billion, a PE ratio of 28.65 and a beta of 0.84. The company has a current ratio of 2.56, a quick ratio of 1.28 and a debt-to-equity ratio of 0.54. The firm has a fifty day simple moving average of $107.32 and a two-hundred day simple moving average of $111.07. CSW Industrials, Inc. has a 1-year low of $96.03 and a 1-year high of $145.50.

CSW Industrials (NASDAQ:CSWIGet Rating) last announced its earnings results on Wednesday, May 18th. The basic materials company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.13. The business had revenue of $173.30 million during the quarter, compared to analyst estimates of $150.19 million. CSW Industrials had a net margin of 10.34% and a return on equity of 14.99%. During the same period in the previous year, the business earned $0.88 EPS. On average, equities analysts anticipate that CSW Industrials, Inc. will post 5.15 EPS for the current year.

CSW Industrials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, July 29th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $0.68 dividend on an annualized basis and a yield of 0.58%. CSW Industrials’s dividend payout ratio is presently 16.59%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, May 13th.

Institutional Investors Weigh In On CSW Industrials

A number of hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. purchased a new stake in CSW Industrials during the 2nd quarter valued at $27,000. Versor Investments LP purchased a new stake in shares of CSW Industrials in the 2nd quarter worth $495,000. Assenagon Asset Management S.A. purchased a new stake in shares of CSW Industrials in the 2nd quarter worth $272,000. Allspring Global Investments Holdings LLC increased its stake in shares of CSW Industrials by 1.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,296,848 shares of the basic materials company’s stock worth $133,613,000 after purchasing an additional 17,510 shares in the last quarter. Finally, Everett Harris & Co. CA increased its stake in shares of CSW Industrials by 4.4% in the 2nd quarter. Everett Harris & Co. CA now owns 21,428 shares of the basic materials company’s stock worth $2,208,000 after purchasing an additional 898 shares in the last quarter. 76.27% of the stock is currently owned by hedge funds and other institutional investors.

About CSW Industrials

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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 cements, diffusers, grilles, registers, solvents, thread sealants, traps, and vents for use in HVAC/R, plumbing, general industrial, architecturally, and specified building products.

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