CSW Industrials Inc (CSWI) Chairman Sells $280,350.00 in Stock

CSW Industrials Inc (NASDAQ:CSWI) Chairman Joseph B. Armes sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $56.07, for a total transaction of $280,350.00. Following the completion of the sale, the chairman now directly owns 61,345 shares in the company, valued at approximately $3,439,614.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ:CSWI opened at $57.17 on Friday. The company has a market capitalization of $859.24 million, a P/E ratio of 22.62 and a beta of 1.27. CSW Industrials Inc has a fifty-two week low of $41.50 and a fifty-two week high of $57.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.67 and a current ratio of 2.81.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Tuesday, February 5th. The basic materials company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The firm had revenue of $77.50 million for the quarter, compared to analysts’ expectations of $73.13 million. CSW Industrials had a net margin of 11.15% and a return on equity of 15.05%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share.

Large investors have recently modified their holdings of the stock. Quantamental Technologies LLC acquired a new stake in CSW Industrials during the fourth quarter worth approximately $38,000. O Shaughnessy Asset Management LLC raised its holdings in CSW Industrials by 16.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,614 shares of the basic materials company’s stock worth $127,000 after purchasing an additional 365 shares in the last quarter. Legal & General Group Plc raised its holdings in CSW Industrials by 12.9% during the fourth quarter. Legal & General Group Plc now owns 2,973 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 339 shares in the last quarter. Smith Asset Management Group LP acquired a new stake in CSW Industrials during the fourth quarter worth approximately $161,000. Finally, Jefferies Group LLC acquired a new stake in CSW Industrials during the third quarter worth approximately $210,000. 74.75% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub raised shares of CSW Industrials from a “sell” rating to a “hold” rating in a report on Friday, February 8th.

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CSW Industrials Company Profile

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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