CSW Industrials Inc (CSWI) Chairman Sells $195,032.50 in Stock

CSW Industrials Inc (NASDAQ:CSWI) Chairman Joseph B. Armes sold 4,250 shares of CSW Industrials stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $45.89, for a total transaction of $195,032.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

CSW Industrials Inc (NASDAQ:CSWI) traded down $0.55 on Tuesday, hitting $45.35. 56,015 shares of the stock traded hands, compared to its average volume of 42,124. The stock has a market capitalization of $728.99, a P/E ratio of -45.90 and a beta of 1.26. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.03 and a quick ratio of 1.99. CSW Industrials Inc has a 52-week low of $34.05 and a 52-week high of $50.00.

CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Thursday, February 8th. The basic materials company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $69.03 million during the quarter, compared to the consensus estimate of $79.04 million. CSW Industrials had a negative net margin of 4.49% and a positive return on equity of 11.16%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share. research analysts expect that CSW Industrials Inc will post 1.99 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in CSWI. SG Americas Securities LLC bought a new position in shares of CSW Industrials in the third quarter valued at approximately $129,000. Westwood Holdings Group Inc. bought a new position in shares of CSW Industrials in the second quarter valued at approximately $186,000. Teacher Retirement System of Texas bought a new position in shares of CSW Industrials in the fourth quarter valued at approximately $250,000. Dynamic Technology Lab Private Ltd bought a new position in shares of CSW Industrials in the third quarter valued at approximately $291,000. Finally, Voya Investment Management LLC boosted its position in shares of CSW Industrials by 13.9% in the second quarter. Voya Investment Management LLC now owns 8,436 shares of the basic materials company’s stock valued at $326,000 after acquiring an additional 1,027 shares during the period. Institutional investors own 67.54% of the company’s stock.

Several equities analysts have recently weighed in on CSWI shares. BidaskClub downgraded shares of CSW Industrials from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Sidoti started coverage on shares of CSW Industrials in a research note on Wednesday, December 20th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, B. Riley lifted their target price on shares of CSW Industrials from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $55.50.

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About CSW Industrials

CSW Industrials, Inc (CSWI) is a diversified industrial growth company. The Company operates through three segments: Industrial Products; Coatings, Sealants & Adhesives, and Specialty Chemicals. The Industrial Products segment consists of specialty mechanical products; fire and smoke protection products; architecturally specified building products, and storage, filtration and application equipment.

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