CSW Industrials (NASDAQ:CSWI) Sets New 12-Month High – Here’s What Happened

CSW Industrials, Inc. (NASDAQ:CSWI) shares hit a new 52-week high on Wednesday . The stock traded as high as $407.27 and last traded at $400.10, with a volume of 5154 shares trading hands. The stock had previously closed at $378.75.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Tuesday.

CSW Industrials Stock Up 2.9 %

The business has a 50 day moving average price of $360.69 and a 200 day moving average price of $304.19. The stock has a market cap of $6.99 billion, a P/E ratio of 56.43, a PEG ratio of 2.92 and a beta of 0.78.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 25th will be paid a $0.24 dividend. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a yield of 0.23%. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $341.37, for a total value of $341,370.00. Following the transaction, the chief executive officer now owns 51,579 shares of the company’s stock, valued at $17,607,523.23. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co lifted its holdings in shares of CSW Industrials by 272.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 7,344 shares of the basic materials company’s stock worth $1,720,000 after buying an additional 5,372 shares during the period. Capital World Investors grew its holdings 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 worth $88,344,000 after acquiring an additional 340,939 shares in the last quarter. Vanguard Group Inc. increased 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 period. Daymark Wealth Partners LLC purchased a new position in CSW Industrials during the 2nd quarter valued at about $478,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of CSW Industrials by 49.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,376 shares of the basic materials company’s stock valued at $3,018,000 after purchasing an additional 3,769 shares in the last quarter. 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.