CSW Industrials (NASDAQ:CSWI) Sees Large Volume Increase

Shares of CSW Industrials, Inc. (NASDAQ:CSWI) saw an uptick in trading volume on Friday . 208,839 shares were traded during mid-day trading, an increase of 88% from the previous session’s volume of 111,373 shares.The stock last traded at $357.97 and had previously closed at $359.45.

Analyst Ratings Changes

A number of analysts recently weighed in on CSWI shares. CL King initiated coverage on shares of CSW Industrials in a research report on Friday, June 21st. They issued a “buy” rating on the stock. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Tuesday.

CSW Industrials Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.73. The company has a fifty day moving average of $311.66 and a two-hundred day moving average of $269.71. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 55.05, a PEG ratio of 2.52 and a beta of 0.77.

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

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, July 26th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. CSW Industrials’s payout ratio is presently 12.86%.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $285.79, for a total transaction of $285,790.00. Following the sale, the chief executive officer now directly owns 53,579 shares of the company’s stock, valued at $15,312,342.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CSW Industrials

Several large investors have recently modified their holdings of CSWI. Contravisory Investment Management Inc. increased its position in shares of CSW Industrials by 48.1% during the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after buying an additional 38 shares during the period. Harbor Investment Advisory LLC purchased a new stake in shares of CSW Industrials in the first quarter worth approximately $58,000. SG Americas Securities LLC purchased a new position in shares of CSW Industrials during the first quarter valued at approximately $148,000. Russell Investments Group Ltd. grew its holdings in CSW Industrials by 20,750.0% during the first quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock worth $196,000 after buying an additional 830 shares in the last quarter. Finally, TCI Wealth Advisors Inc. purchased a new stake in CSW Industrials in the 1st quarter valued at $202,000. Institutional investors own 82.79% of the company’s stock.

About CSW Industrials

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.