EU and US could reach trade deal this weekend - Reuters
Dallas—On January 13, Luke Alverson, Senior Vice President, General Counsel, and Secretary of CSW Industrials, Inc. (NASDAQ:CSWI), a company with a market capitalization of $6.4 billion and impressive six-month stock return of 32%, executed a series of stock sales under a pre-established 10b5-1 trading plan. Alverson sold a total of 1,522 shares of common stock, generating approximately $545,112 in proceeds. The shares were sold at prices ranging from $354.23 to $360.58 per share.
Following these transactions, Alverson holds 15,634 shares directly. Additionally, he retains ownership of 1,802 shares indirectly through an Employee Stock Ownership Plan (ESOP).
In other recent news, CSW Industrials reported a significant increase in its second quarter of 2025 results, with revenue reaching $228 million and operating cash flow hitting $67 million. Earnings per diluted share stood at $2.26, while EBITDA was $61 million. The company also successfully raised $347 million through a public equity offering, eliminating all outstanding debt. Additionally, CSW Industrials acquired PSP Products, enhancing the company's electrical product offerings. However, the company anticipates higher costs of goods sold in the second half of FY 2025 due to increased ocean freight rates.
Goldman Sachs initiated coverage on CSW Industrials with a Neutral rating and a price target of $450, citing valuation concerns despite the company's 16% EPS growth outlook. Wells Fargo (NYSE:WFC) and Citi also initiated coverage with Equal Weight and Neutral ratings respectively, with price targets of $425 and $466. These recent developments suggest that while CSW Industrials is positioned for steady growth, the market has already priced in much of the company's potential.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.