CSW Industrials (NASDAQ:CSWI) Sees Unusually-High Trading Volume

CSW Industrials, Inc. (NASDAQ:CSWI) shares 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 began coverage on shares of CSW Industrials in a research report on Friday, June 21st. They issued a “buy” rating for the company.

CSW Industrials Stock Performance

The firm has a market capitalization of $4.08 billion, a P/E ratio of 40.43, a price-to-earnings-growth ratio of 2.15 and a beta of 0.77. The company has a 50-day moving average of $251.61 and a 200-day moving average of $231.84. The company has a current ratio of 2.86, a quick ratio of 1.56 and a debt-to-equity ratio of 0.27.

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

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Thursday, April 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.19. CSW Industrials’s dividend payout ratio (DPR) is currently 12.86%.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $232.69, for a total value of $232,690.00. Following the completion of the sale, the chief executive officer now owns 56,579 shares of the company’s stock, valued at $13,165,367.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its position in CSW Industrials by 13.0% during the 3rd quarter. Deutsche Bank AG now owns 8,407 shares of the basic materials company’s stock valued at $1,473,000 after acquiring an additional 968 shares in the last quarter. Rhumbline Advisers lifted its position in CSW Industrials by 4.5% during the third quarter. Rhumbline Advisers now owns 21,470 shares of the basic materials company’s stock valued at $3,762,000 after buying an additional 928 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of CSW Industrials in the 3rd quarter worth about $264,000. Envestnet Asset Management Inc. increased its stake in shares of CSW Industrials by 47.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 20,590 shares of the basic materials company’s stock worth $3,608,000 after acquiring an additional 6,623 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in CSW Industrials during the 3rd quarter valued at about $395,000. 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.