StockNews.com Downgrades CSW Industrials (NASDAQ:CSWI) to Hold

StockNews.com downgraded shares of CSW Industrials (NASDAQ:CSWI) from a buy rating to a hold rating in a report published on Thursday.

Separately, CL King initiated coverage on shares of CSW Industrials in a research note on Friday, June 21st. They set a buy rating for the company.

CSW Industrials Trading Up 3.1 %

Shares of CSW Industrials stock opened at $300.87 on Thursday. The company has a fifty day simple moving average of $268.77 and a 200-day simple moving average of $243.94. CSW Industrials has a 12-month low of $167.21 and a 12-month high of $301.36. The company has a current ratio of 2.86, a quick ratio of 1.56 and a debt-to-equity ratio of 0.27. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 46.08, a PEG ratio of 2.44 and a beta of 0.77.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Thursday, May 23rd. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.18. CSW Industrials had a net margin of 12.82% and a return on equity of 18.56%. The business had revenue of $210.86 million during the quarter, compared to analysts’ expectations of $204.70 million. On average, equities analysts forecast that CSW Industrials will post 8.22 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders 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 dividend on an annualized basis and a yield of 0.28%. CSW Industrials’s payout ratio is currently 12.86%.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $285.79, for a total transaction of $285,790.00. Following the completion of the transaction, the chief executive officer now owns 53,579 shares in the company, valued at approximately $15,312,342.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On CSW Industrials

A number of large investors have recently made changes to their positions in the stock. Contravisory Investment Management Inc. grew its stake in CSW Industrials by 48.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 38 shares during the last quarter. Andina Capital Management LLC grew its stake in CSW Industrials by 3.4% in the 2nd quarter. Andina Capital Management LLC now owns 1,506 shares of the basic materials company’s stock valued at $400,000 after acquiring an additional 49 shares during the last quarter. Azzad Asset Management Inc. ADV grew its stake in CSW Industrials by 1.6% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 3,826 shares of the basic materials company’s stock valued at $898,000 after acquiring an additional 59 shares during the last quarter. Fifth Third Bancorp grew its stake in CSW Industrials by 51.4% in the 1st quarter. Fifth Third Bancorp now owns 224 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 76 shares during the last quarter. Finally, Van Hulzen Asset Management LLC grew its stake in CSW Industrials by 1.6% in the 4th quarter. Van Hulzen Asset Management LLC now owns 7,870 shares of the basic materials company’s stock valued at $1,632,000 after acquiring an additional 126 shares during the last quarter. Hedge funds and other institutional investors 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.