CSW Industrials (NASDAQ:CSWI) Coverage Initiated at CL King

CL King initiated coverage on shares of CSW Industrials (NASDAQ:CSWI) in a report released on Friday morning, Marketbeat.com reports. The firm issued a buy rating on the basic materials company’s stock.

CSW Industrials Price Performance

NASDAQ CSWI opened at $265.46 on Friday. 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 firm’s 50 day moving average price is $249.68 and its 200-day moving average price is $229.69. CSW Industrials has a 52-week low of $155.82 and a 52-week high of $270.80. The company has a market cap of $4.12 billion, a PE ratio of 40.65, a P/E/G ratio of 2.20 and a beta of 0.77.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data 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 firm had revenue of $210.86 million for the quarter, compared to the consensus estimate of $204.70 million. CSW Industrials had a net margin of 12.82% and a return on equity of 18.56%. Sell-side analysts forecast that CSW Industrials will post 8.13 EPS for the current fiscal 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 paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.32%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, April 25th. CSW Industrials’s dividend payout ratio (DPR) is 12.86%.

Insider Buying and Selling at CSW Industrials

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

Institutional Investors Weigh In On CSW Industrials

Several institutional investors and hedge funds have recently made changes to their positions in CSWI. Capital World Investors lifted its stake in shares of CSW Industrials by 956.8% during the first quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock worth $88,344,000 after buying an additional 340,939 shares during the period. Vanguard Group Inc. lifted its stake in shares of CSW Industrials by 39.1% during the first quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock worth $284,745,000 after buying an additional 340,904 shares during the period. Congress Asset Management Co. MA lifted its stake in shares of CSW Industrials by 2,254.1% during the first quarter. Congress Asset Management Co. MA now owns 189,297 shares of the basic materials company’s stock worth $44,409,000 after buying an additional 181,256 shares during the period. Conestoga Capital Advisors LLC lifted its stake in shares of CSW Industrials by 81.5% during the fourth quarter. Conestoga Capital Advisors LLC now owns 398,680 shares of the basic materials company’s stock worth $82,690,000 after buying an additional 178,962 shares during the period. Finally, Wasatch Advisors LP lifted its stake in shares of CSW Industrials by 17.1% during the fourth quarter. Wasatch Advisors LP now owns 591,126 shares of the basic materials company’s stock worth $122,605,000 after buying an additional 86,427 shares during the period. 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.