CSW Industrials (NASDAQ:CSWI) Reaches New 1-Year High at $304.20

CSW Industrials, Inc. (NASDAQ:CSWI) reached a new 52-week high during trading on Monday . The stock traded as high as $304.20 and last traded at $300.18, with a volume of 7498 shares. The stock had previously closed at $300.87.

Analyst Ratings Changes

Several brokerages recently issued reports on CSWI. CL King began coverage on shares of CSW Industrials in a report on Friday, June 21st. They issued a “buy” rating on the stock. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Thursday.

CSW Industrials Stock Performance

The stock has a market capitalization of $4.66 billion, a PE ratio of 46.08, a price-to-earnings-growth ratio of 2.44 and a beta of 0.77. The firm’s fifty day moving average is $268.77 and its 200-day moving average is $243.94. The company has a current ratio of 2.86, a quick ratio of 1.56 and a debt-to-equity ratio of 0.27.

CSW Industrials (NASDAQ:CSWI) last released its earnings results on Thursday, May 23rd. The basic materials company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.18. The company had revenue of $210.86 million during the quarter, compared to the consensus estimate of $204.70 million. CSW Industrials had a return on equity of 18.56% and a net margin of 12.82%. As a group, research analysts anticipate that CSW Industrials, Inc. will post 8.22 earnings per share for the current year.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 26th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, July 26th. This represents a $0.84 annualized dividend and a dividend yield of 0.28%. CSW Industrials’s dividend payout ratio is presently 12.86%.

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $285.79, for a total value of $285,790.00. Following the sale, the chief executive officer now owns 53,579 shares of the company’s stock, valued at $15,312,342.41. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

Several hedge funds have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC raised its holdings in CSW Industrials by 2.7% in the second quarter. Conestoga Capital Advisors LLC now owns 567,256 shares of the basic materials company’s stock valued at $150,499,000 after acquiring an additional 14,900 shares in the last quarter. Bank of New York Mellon Corp increased its stake in CSW Industrials by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 77,995 shares of the basic materials company’s stock valued at $20,693,000 after purchasing an additional 6,137 shares during the last quarter. HMS Capital Management LLC purchased a new position in CSW Industrials in the second quarter valued at approximately $641,000. Raymond James & Associates increased its stake in CSW Industrials by 15.3% in the second quarter. Raymond James & Associates now owns 24,904 shares of the basic materials company’s stock valued at $6,607,000 after purchasing an additional 3,307 shares during the last quarter. Finally, Portside Wealth Group LLC purchased a new position in CSW Industrials in the second quarter valued at approximately $243,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.