CSW Industrials (NASDAQ:CSWI) Sets New 12-Month High – Should You Buy?

CSW Industrials, Inc. (NASDAQ:CSWI)’s stock price reached a new 52-week high on Monday . The company traded as high as $432.59 and last traded at $432.59, with a volume of 3302 shares traded. The stock had previously closed at $426.66.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CSWI. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. Wells Fargo & Company initiated coverage on shares of CSW Industrials in a report on Monday. They issued an “equal weight” rating and a $425.00 target price for the company. Finally, StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

CSW Industrials Price Performance

The firm has a market cap of $7.12 billion, a PE ratio of 57.55, a PEG ratio of 3.42 and a beta of 0.78. The business has a 50-day moving average price of $383.89 and a two-hundred day moving average price of $319.85.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were issued a dividend of $0.24 per share. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.23%. The ex-dividend date was Friday, October 25th. CSW Industrials’s dividend payout ratio (DPR) is 13.04%.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total value of $393,340.00. Following the completion of the transaction, the chief executive officer now directly owns 51,698 shares of the company’s stock, valued at $20,334,891.32. The trade was a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold 3,000 shares of company stock valued at $1,139,500 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

A number of large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its holdings in CSW Industrials by 20,750.0% in the 1st quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock valued at $196,000 after purchasing an additional 830 shares in the last quarter. Vanguard Group Inc. raised its position in shares of CSW Industrials by 39.1% in the first quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock valued at $284,745,000 after buying an additional 340,904 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of CSW Industrials by 272.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 7,344 shares of the basic materials company’s stock valued at $1,720,000 after buying an additional 5,372 shares during the period. Tidal Investments LLC lifted its stake in shares of CSW Industrials by 15.0% during the first quarter. Tidal Investments LLC now owns 1,402 shares of the basic materials company’s stock valued at $329,000 after buying an additional 183 shares during the period. Finally, Comerica Bank grew its stake in CSW Industrials by 41.0% in the 1st quarter. Comerica Bank now owns 42,034 shares of the basic materials company’s stock worth $9,861,000 after acquiring an additional 12,226 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

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.