CSW Industrials (NASDAQ:CSWI) Sees Strong Trading Volume

CSW Industrials, Inc. (NASDAQ:CSWI) saw unusually-high trading volume on Thursday . Approximately 146,761 shares traded hands during trading, an increase of 52% from the previous session’s volume of 96,644 shares.The stock last traded at $267.12 and had previously closed at $265.03.

Wall Street Analysts Forecast Growth

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

CSW Industrials Stock Performance

The business’s fifty day moving average is $252.89 and its two-hundred day moving average is $232.60. The company has a quick ratio of 1.56, a current ratio of 2.86 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $4.12 billion, a PE ratio of 40.63, a price-to-earnings-growth ratio of 2.15 and a beta of 0.77.

CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Thursday, May 23rd. The basic materials company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.18. CSW Industrials had a net margin of 12.82% and a return on equity of 18.56%. The firm had revenue of $210.86 million during the quarter, compared to analyst estimates of $204.70 million. As a group, research analysts anticipate that CSW Industrials, Inc. will post 8.22 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.32%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, April 25th. CSW Industrials’s payout ratio is presently 12.86%.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $257.13, for a total transaction of $257,130.00. Following the completion of the sale, the chief executive officer now directly owns 55,579 shares in the company, valued at $14,291,028.27. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.

Institutional Trading of CSW Industrials

Several institutional investors and hedge funds have recently made changes to their positions in CSWI. Rhumbline Advisers lifted its position in shares of CSW Industrials by 4.5% during the third quarter. Rhumbline Advisers now owns 21,470 shares of the basic materials company’s stock worth $3,762,000 after purchasing an additional 928 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of CSW Industrials in the third quarter valued at about $264,000. Envestnet Asset Management Inc. raised its holdings in shares of CSW Industrials by 47.4% in the third quarter. Envestnet Asset Management Inc. now owns 20,590 shares of the basic materials company’s stock valued at $3,608,000 after acquiring an additional 6,623 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in shares of CSW Industrials in the third quarter valued at about $395,000. Finally, Northern Trust Corp raised its holdings in shares of CSW Industrials by 14.1% in the third quarter. Northern Trust Corp now owns 192,084 shares of the basic materials company’s stock valued at $33,661,000 after acquiring an additional 23,726 shares in the last quarter. 82.79% of the stock is currently 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.