CSW Industrials (NASDAQ:CSWI) Sets New 1-Year High at $362.11

Shares of CSW Industrials, Inc. (NASDAQ:CSWI) reached a new 52-week high during trading on Thursday . The company traded as high as $362.11 and last traded at $362.11, with a volume of 557 shares traded. The stock had previously closed at $352.44.

Wall Street Analyst Weigh In

CSWI has been the topic of several research reports. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research report on Tuesday. CL King began coverage on CSW Industrials in a research note on Friday, June 21st. They issued a “buy” rating for the company.

CSW Industrials Stock Performance

The stock has a 50-day moving average of $313.26 and a 200 day moving average of $270.57. The stock has a market cap of $5.57 billion, a PE ratio of 54.91, a P/E/G ratio of 2.52 and a beta of 0.77. The company has a quick ratio of 1.44, a current ratio of 2.73 and a debt-to-equity ratio of 0.18.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share 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 firm had revenue of $226.18 million for the quarter, compared to analysts’ expectations of $215.40 million. During the same quarter in the previous year, the company posted $1.97 EPS. Equities analysts predict that CSW Industrials, Inc. will post 8.45 EPS for the current fiscal year.

CSW Industrials Announces Dividend

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

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Monday, September 16th. The stock was sold at an average price of $341.37, for a total value of $341,370.00. Following the sale, the chief executive officer now owns 51,579 shares in the company, valued at $17,607,523.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CSW Industrials

Several large investors have recently made changes to their positions in CSWI. Vanguard Group Inc. grew its stake in shares of CSW Industrials by 39.1% in the first quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock valued at $284,745,000 after buying an additional 340,904 shares in the last quarter. Wasatch Advisors LP grew its position in 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 acquiring an additional 86,427 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in CSW Industrials by 2.7% during the second quarter. Conestoga Capital Advisors LLC now owns 567,256 shares of the basic materials company’s stock worth $150,499,000 after purchasing an additional 14,900 shares during the period. Capital World Investors lifted its position in shares of 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 purchasing an additional 340,939 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of CSW Industrials in the second quarter valued at approximately $65,595,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

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.