CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $232.69, for a total value of $232,690.00. Following the transaction, the chief executive officer now owns 56,579 shares in the company, valued at $13,165,367.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
CSW Industrials Stock Performance
NASDAQ CSWI opened at $233.98 on Friday. The business's 50-day moving average price is $231.83 and its 200 day moving average price is $205.17. CSW Industrials, Inc. has a twelve month low of $132.06 and a twelve month high of $243.30. The company has a market capitalization of $3.63 billion, a PE ratio of 37.56, a price-to-earnings-growth ratio of 1.92 and a beta of 0.73. The company has a current ratio of 2.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.
CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its earnings results on Thursday, February 1st. The basic materials company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.10). CSW Industrials had a return on equity of 18.47% and a net margin of 12.47%. The business had revenue of $174.97 million for the quarter, compared to analysts' expectations of $180.80 million. On average, research analysts predict that CSW Industrials, Inc. will post 6.83 earnings per share for the current year.
CSW Industrials Increases Dividend
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.36%. This is an increase from CSW Industrials's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, April 25th. CSW Industrials's dividend payout ratio (DPR) is 12.20%.
Hedge Funds Weigh In On CSW Industrials
A number of large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in shares of CSW Industrials by 23.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 323 shares of the basic materials company's stock worth $57,000 after purchasing an additional 62 shares during the period. Mawer Investment Management Ltd. raised its holdings in shares of CSW Industrials by 0.4% in the 3rd quarter. Mawer Investment Management Ltd. now owns 19,951 shares of the basic materials company's stock worth $3,496,000 after purchasing an additional 73 shares during the period. Franklin Resources Inc. raised its holdings in shares of CSW Industrials by 3.5% in the 2nd quarter. Franklin Resources Inc. now owns 2,252 shares of the basic materials company's stock worth $374,000 after purchasing an additional 77 shares during the period. Arizona State Retirement System raised its holdings in shares of CSW Industrials by 1.8% in the 3rd quarter. Arizona State Retirement System now owns 4,425 shares of the basic materials company's stock worth $775,000 after purchasing an additional 78 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of CSW Industrials by 11.0% in the 3rd quarter. Royal Bank of Canada now owns 927 shares of the basic materials company's stock worth $111,000 after purchasing an additional 92 shares during the period. 82.79% of the stock is currently owned by hedge funds and other institutional investors.
CSW Industrials Company Profile
(
Get Free Report)
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.
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