CSW Industrials Inc (NASDAQ:CSWI) CEO Joseph B. Armes sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $75.50, for a total transaction of $377,500.00. Following the completion of the transaction, the chief executive officer now owns 43,715 shares in the company, valued at approximately $3,300,482.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NASDAQ CSWI opened at $73.74 on Tuesday. The firm’s 50 day moving average price is $68.97 and its 200-day moving average price is $67.49. The company has a market cap of $1.14 billion, a PE ratio of 24.29 and a beta of 1.05. CSW Industrials Inc has a 52-week low of $45.99 and a 52-week high of $76.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.90 and a current ratio of 2.94.
CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. The firm had revenue of $101.32 million for the quarter, compared to the consensus estimate of $95.30 million. CSW Industrials had a net margin of 11.47% and a return on equity of 17.50%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share.
CSWI has been the topic of several analyst reports. ValuEngine downgraded shares of CSW Industrials from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. BidaskClub downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Tuesday.
Several hedge funds and other institutional investors have recently modified their holdings of CSWI. WINTON GROUP Ltd lifted its stake in shares of CSW Industrials by 67.6% in the second quarter. WINTON GROUP Ltd now owns 10,313 shares of the basic materials company’s stock worth $703,000 after buying an additional 4,161 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV bought a new position in CSW Industrials during the second quarter valued at approximately $226,000. Bessemer Group Inc. lifted its position in CSW Industrials by 243.9% during the second quarter. Bessemer Group Inc. now owns 19,600 shares of the basic materials company’s stock valued at $1,336,000 after purchasing an additional 13,900 shares during the period. Sawgrass Asset Management LLC lifted its position in CSW Industrials by 215.4% during the second quarter. Sawgrass Asset Management LLC now owns 20,470 shares of the basic materials company’s stock valued at $1,395,000 after purchasing an additional 13,980 shares during the period. Finally, Virginia Retirement Systems ET AL bought a new position in CSW Industrials during the second quarter valued at approximately $204,000. Hedge funds and other institutional investors own 76.70% of the company’s stock.
About CSW Industrials
CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. The company operates through two segments, Industrial Products and Specialty Chemicals. The Industrial Products segment offers specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration, and application equipment for use with specialty chemicals and other products.
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