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Joseph B. Armes, Chairman, President, and CEO of CSW Industrials, Inc. (NASDAQ:CSWI), recently sold shares of the company’s common stock, according to a recent SEC filing. The industrial products manufacturer, currently valued at approximately $5 billion, has seen its stock decline by about 25% over the past six months, though InvestingPro analysis indicates the company maintains a GREAT financial health score. The transactions, which occurred on April 15, 2025, involved the sale of multiple batches of shares, totaling $298,025. The shares were sold at prices ranging from $295.16 to $300.86 per share.
Following these transactions, Armes retains direct ownership of 66,522 shares of CSW Industrials’ common stock. These sales were executed under a pre-established 10b5-1 trading plan set up by Armes in September 2024.
In other recent news, CSW Industrials reported its third-quarter fiscal year 2025 earnings, surpassing expectations with an adjusted earnings per share (EPS) of $1.48, exceeding the forecast of $1.43. The company’s revenue reached $194 million, beating the anticipated $191.87 million, marking an 11% increase year-over-year. Additionally, CSW Industrials announced a 12.5% increase in its quarterly dividend, raising it to $0.27 per share, reflecting its strong financial health and commitment to returning value to shareholders. In a strategic move, CSW Industrials has entered into an agreement to acquire Aspen Manufacturing for approximately $313.5 million, a transaction expected to be immediately accretive to earnings per share (EPS) and EBITDA. Aspen Manufacturing’s projected revenues for 2024 are $122.4 million, enhancing CSW Industrials’ presence in the HVAC/R market. Truist Securities initiated coverage on CSW Industrials with a Hold rating, setting a price target of $362.00, recognizing the company’s consistent organic growth and strategic acquisitions. These developments underscore CSW Industrials’ ongoing efforts to strengthen its market position and deliver robust financial performance.
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