CSW Industrials (NASDAQ:CSWI - Get Free Report) issued its earnings results on Thursday. The basic materials company reported $2.24 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.01, RTT News reports. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. The firm had revenue of $230.55 million for the quarter, compared to analysts' expectations of $232.82 million. During the same quarter last year, the firm earned $2.04 earnings per share.
CSW Industrials Stock Performance
Shares of NASDAQ:CSWI traded up $8.15 during mid-day trading on Tuesday, hitting $309.06. 44,876 shares of the company traded hands, compared to its average volume of 135,771. The firm has a market cap of $5.19 billion, a P/E ratio of 37.00 and a beta of 0.96. CSW Industrials has a 52-week low of $248.90 and a 52-week high of $436.50. The firm's 50 day simple moving average is $302.35 and its 200 day simple moving average is $337.84.
CSW Industrials Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were paid a $0.27 dividend. The ex-dividend date was Friday, April 25th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.35%. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's dividend payout ratio (DPR) is 12.90%.
Insider Buying and Selling
In other CSW Industrials news, EVP Don Sullivan sold 1,500 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $332.16, for a total value of $498,240.00. Following the completion of the sale, the executive vice president now owns 25,989 shares of the company's stock, valued at $8,632,506.24. This trade represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert M. Swartz sold 200 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total transaction of $57,820.00. Following the transaction, the director now directly owns 13,119 shares in the company, valued at approximately $3,792,702.90. The trade was a 1.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,276 shares of company stock valued at $3,093,736. Corporate insiders own 1.40% of the company's stock.
Institutional Investors Weigh In On CSW Industrials
An institutional investor recently raised its position in CSW Industrials stock. AQR Capital Management LLC raised its position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 12.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,675 shares of the basic materials company's stock after buying an additional 624 shares during the period. AQR Capital Management LLC's holdings in CSW Industrials were worth $1,654,000 at the end of the most recent quarter. Institutional investors own 82.79% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Wells Fargo & Company raised their price objective on CSW Industrials from $295.00 to $305.00 and gave the stock an "equal weight" rating in a report on Friday. Wall Street Zen downgraded shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Truist Financial started coverage on shares of CSW Industrials in a research report on Friday, February 14th. They set a "hold" rating and a $362.00 price target on the stock. Finally, Citigroup boosted their price objective on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $347.00.
Get Our Latest Research Report on CSWI
About CSW Industrials
(
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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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