CSW Industrials (NASDAQ:CSWI) Shares Gap Down to $316.75

Shares of CSW Industrials, Inc. (NASDAQ:CSWI) gapped down before the market opened on Thursday . The stock had previously closed at $316.75, but opened at $291.44. CSW Industrials shares last traded at $294.12, with a volume of 144,901 shares changing hands.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. CL King assumed coverage on CSW Industrials in a report on Friday, June 21st. They issued a “buy” rating for the company.

CSW Industrials Trading Down 2.4 %

The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 43.64, a P/E/G ratio of 2.67 and a beta of 0.77. The company has a 50 day moving average price of $299.78 and a two-hundred day moving average price of $262.77. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.73.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.29. CSW Industrials had a net margin of 13.44% and a return on equity of 19.19%. The business had revenue of $226.18 million for the quarter, compared to analyst estimates of $215.40 million. During the same quarter last year, the business earned $1.97 earnings per share. On average, research analysts forecast that CSW Industrials, Inc. will post 8.45 EPS for the current year.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, July 26th. This represents a $0.84 annualized dividend and a yield of 0.29%. CSW Industrials’s dividend payout ratio (DPR) is currently 12.86%.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $285.79, for a total transaction of $285,790.00. Following the completion of the sale, the chief executive officer now directly owns 53,579 shares in the company, valued at $15,312,342.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

Hedge funds and other institutional investors have recently modified their holdings of the business. CANADA LIFE ASSURANCE Co grew its stake in CSW Industrials by 272.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 7,344 shares of the basic materials company’s stock valued at $1,720,000 after acquiring an additional 5,372 shares in the last quarter. SageView Advisory Group LLC grew its position in shares of CSW Industrials by 123.1% in the fourth quarter. SageView Advisory Group LLC now owns 17,902 shares of the basic materials company’s stock valued at $3,899,000 after purchasing an additional 9,877 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of CSW Industrials by 17.1% in the fourth quarter. Wasatch Advisors LP now owns 591,126 shares of the basic materials company’s stock valued at $122,605,000 after purchasing an additional 86,427 shares during the last quarter. Congress Asset Management Co. MA lifted its position in CSW Industrials by 2,254.1% during the first quarter. Congress Asset Management Co. MA now owns 189,297 shares of the basic materials company’s stock worth $44,409,000 after buying an additional 181,256 shares in the last quarter. Finally, Cim LLC acquired a new position in CSW Industrials during the fourth quarter worth $668,000. 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.