CSW Industrials (NASDAQ:CSWI) Earns Buy Rating from Analysts at CL King

CL King started coverage on shares of CSW Industrials (NASDAQ:CSWI) in a research note released on Friday morning, MarketBeat Ratings reports. The firm issued a buy rating on the basic materials company’s stock.

CSW Industrials Price Performance

NASDAQ:CSWI opened at $265.46 on Friday. The stock has a 50 day moving average of $249.68 and a two-hundred day moving average of $230.41. CSW Industrials has a 12 month low of $155.82 and a 12 month high of $270.80. The firm has a market cap of $4.12 billion, a P/E ratio of 40.65, a price-to-earnings-growth ratio of 2.15 and a beta of 0.77. The company has a current ratio of 2.86, a quick ratio of 1.56 and a debt-to-equity ratio of 0.27.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings results on Thursday, May 23rd. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.18. CSW Industrials had a return on equity of 18.56% and a net margin of 12.82%. The firm had revenue of $210.86 million for the quarter, compared to analyst estimates of $204.70 million. On average, analysts expect that CSW Industrials will post 8.13 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.32%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, April 25th. CSW Industrials’s dividend payout ratio is 12.86%.

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $257.13, for a total transaction of $257,130.00. Following the completion of the sale, the chief executive officer now owns 55,579 shares of the company’s stock, valued at approximately $14,291,028.27. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp purchased a new position in shares of CSW Industrials during the 4th quarter worth $31,000. Harbor Investment Advisory LLC purchased a new position in CSW Industrials during the first quarter worth about $58,000. Simplex Trading LLC acquired a new position in CSW Industrials in the 4th quarter valued at about $93,000. Cullen Frost Bankers Inc. grew its stake in shares of CSW Industrials by 103.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 595 shares of the basic materials company’s stock valued at $123,000 after buying an additional 303 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of CSW Industrials during the 1st quarter worth approximately $148,000. 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.