EU and US could reach trade deal this weekend - Reuters
Joseph B. Armes, the Chairman, President, and CEO of CSW Industrials, Inc. (NASDAQ:CSWI), reported significant stock transactions as per the latest SEC filing. The transactions come as CSWI shows remarkable momentum, with the stock delivering a 78% return over the past year and 32% over the last six months. On January 15, 2025, Armes executed a series of sales involving the company's common stock. The transactions were conducted under a pre-established 10b5-1 trading plan.
Armes sold a total of 1,000 shares at prices ranging from $375.38 to $380.78 per share. These sales generated proceeds of approximately $378,319. Following these transactions, Armes holds 48,848 shares directly.
Additionally, a separate transaction involved the dissolution of JBA Family Partners, L.P., which resulted in the distribution of 1,500 shares previously held by the partnership. Of these, 150 shares were transferred to Armes and his spouse, reflecting their prior general partner interest in the Family LP.
These transactions provide insight into the trading activities and estate planning measures undertaken by the executive at CSW Industrials, a company specializing in industrial products and solutions.
In other recent news, CSW Industrials reported record-setting performance in its second quarter of 2025, with revenue reaching $228 million and operating cash flow of $67 million. Earnings per diluted share stood at $2.26, while EBITDA was $61 million. The company successfully raised $347 million through a public equity offering, eliminating all outstanding debt.
CSW Industrials recently acquired PSP Products, enhancing the company's electrical product offerings. However, due to increased ocean freight rates, the company anticipates higher costs of goods sold in the second half of FY 2025. To counteract these costs, management is considering potential price increases.
Goldman Sachs initiated coverage on CSW Industrials with a Neutral rating and a price target of $450, while Wells Fargo (NYSE:WFC) provided an Equal Weight rating and a price target of $425. Citi also initiated coverage with a Neutral rating and a price target of $466. These recent developments suggest a steady growth outlook for CSW Industrials, although the current market valuation is believed to already reflect these prospects.
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