Luke Alverson, Senior Vice President, General Counsel, and Secretary of CSW Industrials, Inc. (NASDAQ:CSWI), a $4.95 billion industrial company with strong financial health according to InvestingPro metrics, recently sold 919 shares of the company’s common stock. The shares were sold at an average price of $303.21 each, amounting to a total transaction value of approximately $278,649. Following this sale, Alverson holds 14,353 shares directly and 1,803 shares indirectly through an Employee Stock Ownership Plan (ESOP). The transaction was conducted under a 10b5-1 trading plan established on September 11, 2024. The stock has seen a significant decline of about 25% over the past six months, though analysis from InvestingPro shows the company maintains robust financial metrics with a current ratio of 4.18 and minimal debt-to-equity of 0.07.
In other recent news, CSW Industrials reported its third-quarter fiscal year 2025 earnings, which exceeded Wall Street expectations. The company achieved an adjusted earnings per share (EPS) of $1.48, surpassing the forecast of $1.43, and generated revenue of $194 million, above the anticipated $191.87 million. Additionally, CSW Industrials announced a definitive agreement to acquire Aspen Manufacturing for approximately $313.5 million in cash, a move expected to enhance its earnings per share and EBITDA immediately. Aspen Manufacturing, based in Texas, is known for producing evaporative coils and air handlers, and its acquisition aligns with CSWI’s strategy to expand its HVAC/R market presence.
CSW Industrials also raised its quarterly cash dividend by 12.5% to $0.27 per share, marking the sixth consecutive increase. The dividend increase reflects the company’s strong financial health, as highlighted by CEO Joseph B. Armes. Meanwhile, Truist Securities initiated coverage on CSW Industrials with a Hold rating and set a price target of $362.00, citing the company’s consistent growth supported by strategic mergers and acquisitions. These developments underscore CSW Industrials’ ongoing efforts to strengthen its market position and deliver value to its shareholders.
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