CSW Industrials (NASDAQ:CSWI) Hits New 12-Month High – Should You Buy?

CSW Industrials, Inc. (NASDAQ:CSWI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $378.49 and last traded at $376.99, with a volume of 34842 shares. The stock had previously closed at $370.60.

Analyst Ratings Changes

CSWI has been the subject of a number of research analyst reports. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. CL King initiated coverage on shares of CSW Industrials in a research report on Friday, June 21st. They set a “buy” rating for the company.

CSW Industrials Stock Performance

The company has a current ratio of 2.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average is $331.05 and its two-hundred day moving average is $282.47. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 57.36, a P/E/G ratio of 2.87 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 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 firm had revenue of $226.18 million for the quarter, compared to analyst estimates of $215.40 million. During the same quarter in the previous year, the company earned $1.97 EPS. As a group, sell-side analysts expect that CSW Industrials, Inc. will post 8.42 earnings per share for the current year.

CSW Industrials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Friday, July 26th. CSW Industrials’s dividend payout ratio (DPR) is 12.86%.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $285.79, for a total transaction of $285,790.00. Following the completion of the transaction, the chief executive officer now owns 53,579 shares in the company, valued at approximately $15,312,342.41. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 business. Hsbc Holdings PLC raised its holdings in shares of CSW Industrials by 2.0% during the second quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock worth $461,000 after purchasing an additional 34 shares during the period. Xponance Inc. raised its stake in CSW Industrials by 3.7% during the 2nd quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock valued at $259,000 after purchasing an additional 35 shares during the period. GAMMA Investing LLC lifted its position in shares of CSW Industrials by 105.9% in the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 36 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of CSW Industrials by 48.1% during 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 in the last quarter. Finally, Azzad Asset Management Inc. ADV grew its position in CSW Industrials by 1.0% in the third quarter. Azzad Asset Management Inc. ADV now owns 3,876 shares of the basic materials company’s stock worth $1,420,000 after acquiring an additional 40 shares in the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

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.