CSW Industrials Inc (NASDAQ:CSWI) shares reached a new 52-week high on Thursday . The stock traded as high as $76.80 and last traded at $76.57, with a volume of 17660 shares traded. The stock had previously closed at $75.81.
Several research firms recently weighed in on CSWI. BidaskClub lowered CSW Industrials from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. ValuEngine lowered CSW Industrials from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.
The company has a fifty day moving average of $72.53 and a two-hundred day moving average of $69.00. The company has a current ratio of 2.94, a quick ratio of 1.90 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 23.94 and a beta of 1.06.
CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.07. CSW Industrials had a return on equity of 17.50% and a net margin of 11.47%. The firm had revenue of $101.32 million during the quarter, compared to analyst estimates of $95.30 million. During the same period in the previous year, the company earned $0.79 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.70%.
In other news, CEO Joseph B. Armes sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $75.50, for a total transaction of $377,500.00. Following the completion of the transaction, the chief executive officer now directly owns 43,715 shares in the company, valued at $3,300,482.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.60% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of CSWI. Virginia Retirement Systems ET AL acquired a new position in shares of CSW Industrials during the second quarter worth approximately $204,000. SG Americas Securities LLC increased its position in shares of CSW Industrials by 16.2% during the second quarter. SG Americas Securities LLC now owns 2,155 shares of the basic materials company’s stock valued at $147,000 after purchasing an additional 301 shares during the period. Aperio Group LLC increased its position in shares of CSW Industrials by 7.3% during the second quarter. Aperio Group LLC now owns 5,392 shares of the basic materials company’s stock valued at $367,000 after purchasing an additional 368 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of CSW Industrials during the second quarter valued at approximately $535,000. Finally, Janus Henderson Group PLC increased its position in shares of CSW Industrials by 4.0% during the second quarter. Janus Henderson Group PLC now owns 858,442 shares of the basic materials company’s stock valued at $58,503,000 after purchasing an additional 33,005 shares during the period. Institutional investors own 75.11% of the company’s stock.
About CSW Industrials (NASDAQ:CSWI)
CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. The company operates through two segments, Industrial Products and Specialty Chemicals. The Industrial Products segment offers specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration, and application equipment for use with specialty chemicals and other products.
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