CSW Industrials (NASDAQ:CSWI) Sets New 52-Week High – Here’s Why

CSW Industrials, Inc. (NASDAQ:CSWI) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $427.14 and last traded at $427.14, with a volume of 7520 shares changing hands. The stock had previously closed at $423.00.

Analyst Ratings Changes

Separately, StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th.

CSW Industrials Stock Performance

The business has a fifty day simple moving average of $364.05 and a 200-day simple moving average of $307.72. The stock has a market capitalization of $7.03 billion, a P/E ratio of 56.96, a PEG ratio of 3.37 and a beta of 0.78.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were given a $0.24 dividend. The ex-dividend date was Friday, October 25th. This represents a $0.96 annualized dividend and a yield of 0.23%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Insiders Place Their Bets

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total value of $393,340.00. Following the transaction, the chief executive officer now owns 51,698 shares of the company’s stock, valued at approximately $20,334,891.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

Several institutional investors have recently modified their holdings of the business. Capital World Investors grew its stake in CSW Industrials by 956.8% in the 1st 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 period. Vanguard Group Inc. raised its position in CSW Industrials by 39.1% in the first quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock worth $284,745,000 after acquiring an additional 340,904 shares during the period. Kayne Anderson Rudnick Investment Management LLC purchased a new position in CSW Industrials in the second quarter valued at about $65,595,000. Principal Financial Group Inc. grew its position in shares of CSW Industrials by 1,046.2% during the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock valued at $31,140,000 after acquiring an additional 77,576 shares during the period. Finally, Natixis Advisors LLC purchased a new stake in shares of CSW Industrials during the 2nd quarter worth approximately $12,424,000. 82.79% of the stock is owned by 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.