CSW Industrials (NASDAQ:CSWI) Sees Large Volume Increase

CSW Industrials, Inc. (NASDAQ:CSWI) saw unusually-strong trading volume on Thursday . Approximately 146,761 shares changed hands during mid-day trading, an increase of 52% from the previous session’s volume of 96,644 shares.The stock last traded at $267.12 and had previously closed at $265.03.

Wall Street Analyst Weigh In

Separately, CL King initiated coverage on shares of CSW Industrials in a report on Friday, June 21st. They set a “buy” rating on the stock.

CSW Industrials Price Performance

The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 40.43, a P/E/G ratio of 2.15 and a beta of 0.77. The stock has a fifty day moving average of $251.61 and a 200 day moving average of $231.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.86 and a quick ratio of 1.56.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Thursday, May 23rd. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.18. The business had revenue of $210.86 million during the quarter, compared to analysts’ expectations of $204.70 million. CSW Industrials had a return on equity of 18.56% and a net margin of 12.82%. On average, analysts expect that CSW Industrials, Inc. will post 8.22 EPS for the current fiscal year.

CSW Industrials Increases Dividend

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

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $257.13, for a total value of $257,130.00. Following the transaction, the chief executive officer now directly 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 Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

Hedge funds and other institutional investors have recently modified their holdings of the business. Azzad Asset Management Inc. ADV boosted its stake in CSW Industrials by 1.6% during the first quarter. Azzad Asset Management Inc. ADV now owns 3,826 shares of the basic materials company’s stock worth $898,000 after buying an additional 59 shares during the last quarter. Fifth Third Bancorp grew its position in CSW Industrials by 51.4% in the first quarter. Fifth Third Bancorp now owns 224 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 76 shares during the period. Van Hulzen Asset Management LLC increased its stake in CSW Industrials by 1.6% during the fourth quarter. Van Hulzen Asset Management LLC now owns 7,870 shares of the basic materials company’s stock worth $1,632,000 after acquiring an additional 126 shares during the last quarter. New York State Common Retirement Fund raised its position in CSW Industrials by 2.3% in the fourth quarter. New York State Common Retirement Fund now owns 6,334 shares of the basic materials company’s stock valued at $1,314,000 after purchasing an additional 143 shares during the period. Finally, US Bancorp DE grew its holdings in shares of CSW Industrials by 8.0% during the 1st quarter. US Bancorp DE now owns 2,330 shares of the basic materials company’s stock worth $547,000 after purchasing an additional 172 shares during the period. 82.79% of the stock is owned by hedge funds and other institutional investors.

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.