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

StockNews.com downgraded shares of CSW Industrials (NASDAQ:CSWI) from a buy rating to a hold rating in a research report report published on Thursday morning.

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

CSW Industrials Trading Up 0.8 %

Shares of NASDAQ:CSWI opened at $291.71 on Thursday. 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 has a 12-month low of $167.21 and a 12-month high of $301.36. The business has a 50 day moving average of $267.56 and a two-hundred day moving average of $242.74. The company has a market capitalization of $4.53 billion, a PE ratio of 44.67, a PEG ratio of 2.35 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 the consensus estimate 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, analysts forecast that CSW Industrials will post 8.22 EPS for the current year.

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 26th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, July 26th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.29%. CSW Industrials’s dividend payout ratio (DPR) is 12.86%.

Insider Activity

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 55,579 shares of the company’s stock, valued at $14,291,028.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

A number of hedge funds have recently modified their holdings of the business. SageView Advisory Group LLC raised its holdings in CSW Industrials by 123.1% in the 4th quarter. SageView Advisory Group LLC now owns 17,902 shares of the basic materials company’s stock valued at $3,899,000 after acquiring an additional 9,877 shares during the last quarter. Wasatch Advisors LP lifted its position in CSW Industrials by 17.1% during the fourth quarter. Wasatch Advisors LP now owns 591,126 shares of the basic materials company’s stock worth $122,605,000 after buying an additional 86,427 shares in the last quarter. Congress Asset Management Co. MA boosted its stake in CSW Industrials by 2,254.1% during the first quarter. Congress Asset Management Co. MA now owns 189,297 shares of the basic materials company’s stock worth $44,409,000 after buying an additional 181,256 shares during the last quarter. Cim LLC purchased a new stake in CSW Industrials in the 4th quarter valued at $668,000. Finally, Eagle Asset Management Inc. purchased a new stake in CSW Industrials in the 4th quarter valued at $8,402,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

About CSW Industrials

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.