CSW Industrials (NASDAQ:CSWI) Trading 6.8% Higher

CSW Industrials, Inc. (NASDAQ:CSWI)’s stock price traded up 6.8% during trading on Wednesday . The company traded as high as $320.00 and last traded at $320.00. 5,116 shares were traded during trading, a decline of 95% from the average session volume of 96,666 shares. The stock had previously closed at $299.65.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. CL King assumed coverage on shares of CSW Industrials in a report on Friday, June 21st. They set a “buy” rating for the company. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Thursday, July 25th.

CSW Industrials Stock Down 2.6 %

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 company has a market capitalization of $4.77 billion, a P/E ratio of 48.25, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. The stock’s fifty day moving average is $273.50 and its 200 day moving average is $246.20.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Thursday, May 23rd. The basic materials company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.86 by $0.18. CSW Industrials had a net margin of 13.44% and a return on equity of 19.61%. The business had revenue of $210.86 million during the quarter, compared to analyst estimates of $204.70 million. Research analysts predict that CSW Industrials, Inc. will post 8.22 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 26th will be issued a $0.21 dividend. The ex-dividend date is Friday, July 26th. This represents a $0.84 annualized dividend and a yield of 0.27%. CSW Industrials’s dividend payout ratio (DPR) is presently 12.86%.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated 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 directly owns 53,579 shares of the company’s stock, valued at approximately $15,312,342.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

Hedge funds and other institutional investors have recently modified their holdings of the business. Capital World Investors grew its position in CSW Industrials by 956.8% during the 1st quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock valued at $88,344,000 after purchasing an additional 340,939 shares during the last quarter. Vanguard Group Inc. grew its position in CSW Industrials by 39.1% during the 1st quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock valued at $284,745,000 after purchasing an additional 340,904 shares during the last quarter. Congress Asset Management Co. MA boosted its holdings in shares of CSW Industrials by 2,254.1% during the 1st quarter. Congress Asset Management Co. MA now owns 189,297 shares of the basic materials company’s stock valued at $44,409,000 after acquiring an additional 181,256 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings in shares of CSW Industrials by 81.5% during the 4th quarter. Conestoga Capital Advisors LLC now owns 398,680 shares of the basic materials company’s stock valued at $82,690,000 after acquiring an additional 178,962 shares during the last quarter. Finally, Wasatch Advisors LP boosted its holdings in shares of CSW Industrials by 17.1% during the 4th quarter. Wasatch Advisors LP now owns 591,126 shares of the basic materials company’s stock valued at $122,605,000 after acquiring an additional 86,427 shares during the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

About CSW Industrials

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.