CSW Industrials (NASDAQ:CSWI) Downgraded to Hold at StockNews.com

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

Separately, CL King began coverage on shares of CSW Industrials in a research report on Friday, June 21st. They issued a buy rating on the stock.

CSW Industrials Price Performance

Shares of NASDAQ CSWI opened at $359.45 on Tuesday. The company has a market capitalization of $5.58 billion, a PE ratio of 55.05, a PEG ratio of 2.52 and a beta of 0.77. The company has a quick ratio of 1.44, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average price is $311.66 and its 200-day moving average price is $269.71. CSW Industrials has a twelve month low of $167.27 and a twelve month high of $362.11.

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

CSW Industrials Dividend Announcement

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

Insider Buying and Selling at CSW Industrials

In related 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 value of $285,790.00. Following the completion of the sale, the chief executive officer now owns 53,579 shares of the company’s stock, valued at approximately $15,312,342.41. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

Several large investors have recently modified their holdings of the business. Contravisory Investment Management Inc. boosted its holdings in CSW Industrials by 48.1% in the 2nd 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 position in shares of CSW Industrials in the first quarter valued at $58,000. SG Americas Securities LLC bought a new stake in shares of CSW Industrials during the 1st quarter valued at $148,000. Russell Investments Group Ltd. lifted its holdings in CSW Industrials by 20,750.0% during the 1st quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 830 shares in the last quarter. Finally, TCI Wealth Advisors Inc. bought a new position in CSW Industrials in the 1st quarter worth about $202,000. Hedge funds and other institutional investors 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.