CSW Industrials (NASDAQ:CSWI) Sets New 1-Year High – Still a Buy?

CSW Industrials, Inc. (NASDAQ:CSWI) reached a new 52-week high during trading on Tuesday . The stock traded as high as $427.14 and last traded at $427.14, with a volume of 7520 shares traded. The stock had previously closed at $423.00.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th.

CSW Industrials Stock Down 1.2 %

The firm has a 50-day moving average price of $364.05 and a two-hundred day moving average price of $307.72. The company has a market capitalization of $7.03 billion, a P/E ratio of 56.96, a PEG ratio of 3.37 and a beta of 0.78.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.23%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s dividend payout ratio (DPR) is currently 13.04%.

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 dated Monday, September 16th. The stock was sold at an average price of $341.37, for a total value of $341,370.00. Following the completion of the sale, the chief executive officer now directly owns 51,579 shares in the company, valued at $17,607,523.23. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

A number of large investors have recently added to or reduced their stakes in CSWI. GAMMA Investing LLC increased its stake in CSW Industrials by 105.9% in the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in CSW Industrials during the third quarter worth about $30,000. Contravisory Investment Management Inc. lifted its holdings in shares of CSW Industrials by 48.1% in the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 38 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of CSW Industrials in the 3rd quarter valued at approximately $72,000. Finally, Nisa Investment Advisors LLC increased its position in CSW Industrials by 508.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds 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.