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Csw industrials SVP Jeff Underwood sells $150,986 in stock

Published 11/08/2024, 04:47 PM
CSWI
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Jeff Underwood, Senior Vice President and General Manager of Contractor Solutions at CSW Industrials, Inc. (NASDAQ:CSWI), has sold a portion of his holdings in the company. According to a recent filing, Underwood sold 362 shares of common stock at a price of $417.09 per share, totaling approximately $150,986.

Following this transaction, Underwood retains direct ownership of 4,451 shares. Additionally, he holds 933 shares indirectly through an Employee Stock Ownership Plan (ESOP). The sale reflects a routine adjustment in Underwood's portfolio, as executives at public companies often buy or sell shares for various personal financial planning reasons.

In other recent news, CSW Industrials reported a record-setting performance in its second quarter 2025 earnings call. The company saw significant year-over-year increases, with revenue reaching $228 million and operating cash flow hitting $67 million. Earnings per diluted share were $2.26, and the EBITDA stood at $61 million. The Contractor Solutions segment was a major revenue driver, contributing $159 million.

CSW Industrials also successfully completed a public equity offering, raising $347 million, which allowed it to eliminate all outstanding debt and secure a place in the S&P 600 Small Cap Index. These recent developments highlight the company's strong financial health and strategic growth initiatives.

In terms of future expectations, analysts from James Perry and Joe Armes noted potential challenges due to higher costs of goods sold but expressed confidence in the company's ability to manage these through pricing strategies. The company is also optimistic about favorable net income impacts in the upcoming fiscal third quarter and plans to maintain growth that outpaces market trends.

InvestingPro Insights

CSW Industrials, Inc. (NASDAQ:CSWI) has been experiencing significant momentum in the market, as evidenced by its recent stock performance and financial metrics. According to InvestingPro data, CSWI's stock has shown remarkable strength, with a 145.79% price total return over the past year and a 67.68% return in the last six months. This upward trajectory aligns with Jeff Underwood's recent stock sale at $417.09 per share, suggesting he may be capitalizing on the stock's strong performance.

The company's financial health appears robust, with InvestingPro Tips highlighting that CSWI holds more cash than debt on its balance sheet and has liquid assets exceeding short-term obligations. This strong financial position may contribute to investor confidence and the stock's current valuation.

However, investors should note that CSWI is trading at a high earnings multiple, with a P/E ratio of 56.84. This elevated valuation is further emphasized by InvestingPro Tips indicating that the stock is trading at high EBIT, EBITDA, and revenue valuation multiples. The PEG ratio of 5.64 suggests that the stock may be overvalued relative to its growth prospects.

Despite these valuation concerns, CSWI has demonstrated consistent dividend growth, having raised its dividend for 6 consecutive years. This, coupled with the company's profitability over the last twelve months and analysts' predictions of continued profitability, may be contributing factors to the stock's strong performance.

For investors seeking a more comprehensive analysis, InvestingPro offers 20 additional tips for CSWI, providing a deeper understanding of the company's financial position and market outlook.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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