CSW Industrials (NASDAQ:CSWI) Sees Strong Trading Volume

CSW Industrials, Inc. (NASDAQ:CSWI) shares saw unusually-high trading volume on Thursday . Approximately 146,761 shares were traded during 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.

Analysts Set New Price Targets

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 Stock Up 0.3 %

The firm’s 50 day simple moving average is $252.89 and its 200-day simple moving average is $232.60. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 40.63, 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 posted its quarterly earnings data on Thursday, May 23rd. The basic materials company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.18. The company had revenue of $210.86 million for the quarter, compared to analyst estimates of $204.70 million. CSW Industrials had a net margin of 12.82% and a return on equity of 18.56%. Equities analysts expect that CSW Industrials, Inc. will post 8.22 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

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

Insider Buying and Selling

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $232.69, for a total transaction of $232,690.00. Following the transaction, the chief executive officer now directly owns 56,579 shares of the company’s stock, valued at $13,165,367.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CSWI. Comerica Bank raised its holdings in shares of CSW Industrials by 41.0% in the first quarter. Comerica Bank now owns 42,034 shares of the basic materials company’s stock valued at $9,861,000 after purchasing an additional 12,226 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of CSW Industrials by 15.0% in the first quarter. Tidal Investments LLC now owns 1,402 shares of the basic materials company’s stock valued at $329,000 after purchasing an additional 183 shares during the last quarter. Morse Asset Management Inc purchased a new stake in shares of CSW Industrials in the first quarter valued at about $352,000. Capital World Investors raised its holdings in shares of 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 purchasing an additional 340,939 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of CSW Industrials by 272.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 7,344 shares of the basic materials company’s stock valued at $1,720,000 after purchasing an additional 5,372 shares during the last quarter. 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.