CSW Industrials, Inc. (NASDAQ:CSWI – Get 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:CSWI – Get 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
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
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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