Joseph B. Armes Sells 1,000 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $232.69, for a total transaction of $232,690.00. Following the completion of the sale, 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 SEC, which can be accessed through the SEC website.

CSW Industrials Stock Down 0.9 %

CSWI stock opened at $231.88 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.77 and a debt-to-equity ratio of 0.26. CSW Industrials, Inc. has a fifty-two week low of $132.06 and a fifty-two week high of $243.30. The firm’s 50-day simple moving average is $231.98 and its 200 day simple moving average is $205.37. The stock has a market cap of $3.60 billion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 1.91 and a beta of 0.73.

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

CSW Industrials Increases Dividend

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

Hedge Funds Weigh In On CSW Industrials

Several large investors have recently bought and sold shares of CSWI. Bank of New York Mellon Corp increased its stake in CSW Industrials by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 61,178 shares of the basic materials company’s stock valued at $7,194,000 after buying an additional 1,185 shares during the period. US Bancorp DE increased its stake in CSW Industrials by 14.7% during the 1st quarter. US Bancorp DE now owns 1,642 shares of the basic materials company’s stock valued at $193,000 after buying an additional 210 shares during the period. MetLife Investment Management LLC increased its stake in CSW Industrials by 52.4% during the 1st quarter. MetLife Investment Management LLC now owns 8,229 shares of the basic materials company’s stock valued at $968,000 after buying an additional 2,830 shares during the period. Westwood Holdings Group Inc. acquired a new position in CSW Industrials during the 1st quarter valued at about $239,000. Finally, Vanguard Group Inc. increased its stake in CSW Industrials by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 804,646 shares of the basic materials company’s stock valued at $94,618,000 after buying an additional 7,331 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

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 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.