CSW Industrials Inc (NASDAQ:CSWI)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $79.25 and last traded at $78.98, with a volume of 346 shares changing hands. The stock had previously closed at $78.27.
CSWI has been the topic of a number of research analyst reports. ValuEngine downgraded CSW Industrials from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. BidaskClub downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st.
The business has a fifty day simple moving average of $76.44 and a two-hundred day simple moving average of $71.02. The company has a current ratio of 2.94, a quick ratio of 1.90 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.18 billion, a PE ratio of 25.16 and a beta of 1.07.
CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. CSW Industrials had a return on equity of 17.50% and a net margin of 11.47%. The firm had revenue of $101.32 million for the quarter, compared to the consensus estimate of $95.30 million. During the same quarter in the prior year, the business earned $0.79 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.135 per share. The ex-dividend date is Thursday, January 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.68%.
In other CSW Industrials news, CEO Joseph B. Armes sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $75.50, for a total value of $377,500.00. Following the completion of the sale, the chief executive officer now owns 43,715 shares of the company’s stock, valued at $3,300,482.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph B. Armes sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $78.06, for a total transaction of $195,150.00. Following the completion of the sale, the chief executive officer now directly owns 36,576 shares of the company’s stock, valued at approximately $2,855,122.56. The disclosure for this sale can be found here. Insiders have sold a total of 10,000 shares of company stock worth $766,800 in the last quarter. Company insiders own 2.60% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Squarepoint Ops LLC increased its position in shares of CSW Industrials by 12.9% in the 3rd quarter. Squarepoint Ops LLC now owns 15,575 shares of the basic materials company’s stock valued at $1,075,000 after purchasing an additional 1,782 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of CSW Industrials in the 3rd quarter valued at approximately $847,000. Zebra Capital Management LLC increased its position in shares of CSW Industrials by 8.2% in the 3rd quarter. Zebra Capital Management LLC now owns 4,203 shares of the basic materials company’s stock valued at $290,000 after purchasing an additional 319 shares during the last quarter. Barclays PLC increased its position in shares of CSW Industrials by 37.6% in the 3rd quarter. Barclays PLC now owns 31,919 shares of the basic materials company’s stock valued at $2,204,000 after purchasing an additional 8,721 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of CSW Industrials by 1.6% in the 3rd quarter. California State Teachers Retirement System now owns 23,167 shares of the basic materials company’s stock valued at $1,599,000 after purchasing an additional 357 shares during the last quarter. Institutional investors and hedge funds own 75.11% of the company’s stock.
CSW Industrials Company Profile (NASDAQ:CSWI)
CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. The company operates through two segments, Industrial Products and Specialty Chemicals. The Industrial Products segment offers specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration, and application equipment for use with specialty chemicals and other products.
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