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

StockNews.com cut shares of CSW Industrials (NASDAQ:CSWI) from a buy rating to a hold rating in a report issued on Tuesday.

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

CSW Industrials Stock Performance

Shares of CSWI stock opened at $358.56 on Tuesday. The stock’s 50-day moving average is $313.26 and its two-hundred day moving average is $270.57. 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 has a 1 year low of $167.27 and a 1 year high of $366.45. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 54.91, a PEG ratio of 2.52 and a beta of 0.77.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.29. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. The firm had revenue of $226.18 million for the quarter, compared to the consensus estimate of $215.40 million. During the same quarter last year, the business posted $1.97 EPS. Analysts predict that CSW Industrials will post 8.45 earnings per share for the current year.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Friday, July 26th. CSW Industrials’s dividend payout ratio is currently 12.86%.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $341.37, for a total transaction of $341,370.00. Following the completion of the sale, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by company insiders.

Institutional Trading of CSW Industrials

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in CSW Industrials by 39.1% during the first quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock worth $284,745,000 after purchasing an additional 340,904 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of CSW Industrials by 17.1% in the 4th quarter. Wasatch Advisors LP now owns 591,126 shares of the basic materials company’s stock valued at $122,605,000 after buying an additional 86,427 shares during the period. Conestoga Capital Advisors LLC boosted its stake in shares of 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 buying an additional 14,900 shares in the last quarter. Capital World Investors grew its holdings in CSW Industrials by 956.8% during the first quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock worth $88,344,000 after acquiring an additional 340,939 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new position in CSW Industrials in the second quarter worth $65,595,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

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.