CSW Industrials (NASDAQ:CSWI) Sets New 52-Week High at $276.24

CSW Industrials, Inc. (NASDAQ:CSWI) shares hit a new 52-week high during trading on Monday . The stock traded as high as $276.24 and last traded at $275.02, with a volume of 8578 shares trading hands. The stock had previously closed at $271.93.

Wall Street Analyst Weigh In

Separately, CL King assumed coverage on CSW Industrials in a research note on Friday, June 21st. They set a “buy” rating for the company.

CSW Industrials Price Performance

The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 41.95, a P/E/G ratio of 2.22 and a beta of 0.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.56 and a current ratio of 2.86. The business has a 50 day simple moving average of $257.25 and a 200-day simple moving average of $236.39.

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

CSW Industrials Increases Dividend

The company also recently announced 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 was Thursday, April 25th. This represents a $0.84 annualized dividend and a dividend yield of 0.31%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.19. CSW Industrials’s dividend payout ratio (DPR) is currently 12.86%.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $257.13, for a total transaction of $257,130.00. Following the transaction, the chief executive officer now owns 55,579 shares of the company’s stock, valued at approximately $14,291,028.27. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

A number of hedge funds have recently modified their holdings of the stock. Contravisory Investment Management Inc. raised its holdings in shares of CSW Industrials by 48.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 38 shares during the period. Azzad Asset Management Inc. ADV raised its holdings in shares of CSW Industrials by 1.6% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 3,826 shares of the basic materials company’s stock worth $898,000 after purchasing an additional 59 shares during the period. Fifth Third Bancorp raised its holdings in shares of CSW Industrials by 51.4% in the 1st quarter. Fifth Third Bancorp now owns 224 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 76 shares during the period. Van Hulzen Asset Management LLC raised its holdings in shares of CSW Industrials by 1.6% in the 4th quarter. Van Hulzen Asset Management LLC now owns 7,870 shares of the basic materials company’s stock worth $1,632,000 after purchasing an additional 126 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in shares of CSW Industrials by 2.3% in the 4th quarter. New York State Common Retirement Fund now owns 6,334 shares of the basic materials company’s stock worth $1,314,000 after purchasing an additional 143 shares during the period. Institutional investors 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.