CSW Industrials (NASDAQ:CSWI) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of CSW Industrials (NASDAQ:CSWI) from a buy rating to a hold rating in a report published on Tuesday morning.

Separately, CL King assumed coverage on CSW Industrials in a research report on Friday, June 21st. They issued a buy rating for the company.

CSW Industrials Price Performance

Shares of CSWI opened at $342.96 on Tuesday. The business has a 50-day moving average of $308.46 and a 200-day moving average of $268.49. CSW Industrials has a 1 year low of $167.27 and a 1 year high of $345.25. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 52.52, a price-to-earnings-growth ratio of 2.52 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 1.44.

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

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. CSW Industrials’s dividend payout ratio is currently 12.86%.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials 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 completion of the sale, the chief executive officer now directly owns 53,579 shares of the company’s stock, valued at $15,312,342.41. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.40% of the stock is owned by insiders.

Institutional Trading of CSW Industrials

Several large investors have recently made changes to their positions in the company. Contravisory Investment Management Inc. boosted its holdings in CSW Industrials by 48.1% in the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 38 shares in the last quarter. Harbor Investment Advisory LLC acquired a new position in shares of CSW Industrials during the first quarter worth approximately $58,000. SG Americas Securities LLC acquired a new position in shares of CSW Industrials during the first quarter worth approximately $148,000. Truist Financial Corp bought a new position in shares of CSW Industrials in the 2nd quarter worth $203,000. Finally, Professional Advisory Services Inc. acquired a new stake in CSW Industrials in the 2nd quarter valued at $212,000. 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.