CSW Industrials (NASDAQ:CSWI) Sees Large Volume Increase

CSW Industrials, Inc. (NASDAQ:CSWI) saw strong trading volume on Friday . 208,839 shares changed hands during trading, an increase of 88% from the previous session’s volume of 111,373 shares.The stock last traded at $357.97 and had previously closed at $359.45.

Analyst Ratings Changes

Several research analysts recently issued reports on CSWI shares. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. CL King assumed coverage on shares of CSW Industrials in a report on Friday, June 21st. They set a “buy” rating on the stock.

CSW Industrials Stock Down 0.2 %

The firm has a market capitalization of $5.57 billion, a price-to-earnings 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. The company’s 50 day moving average price is $313.26 and its 200 day moving average price is $270.85.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.29. The company had revenue of $226.18 million during the quarter, compared to analysts’ expectations of $215.40 million. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. During the same quarter in the previous year, the firm posted $1.97 EPS. As a group, research analysts forecast that CSW Industrials, Inc. will post 8.45 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, July 26th. This represents a $0.84 dividend on an annualized basis and a yield of 0.23%. CSW Industrials’s dividend payout ratio is currently 12.86%.

Insider Buying and Selling

In other 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 value of $285,790.00. Following the sale, the chief executive officer now directly owns 53,579 shares of the company’s stock, valued at approximately $15,312,342.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of CSW Industrials by 39.1% during the 1st 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 during the last quarter. Wasatch Advisors LP raised its position in CSW Industrials by 17.1% during the fourth 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 lifted its holdings in CSW Industrials by 2.7% in the second quarter. Conestoga Capital Advisors LLC now owns 567,256 shares of the basic materials company’s stock valued at $150,499,000 after acquiring an additional 14,900 shares during the period. Capital World Investors lifted its holdings in CSW Industrials by 956.8% in the first quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock valued at $88,344,000 after acquiring an additional 340,939 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of CSW Industrials during the 2nd quarter worth 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.