CSW Industrials (NASDAQ:CSWI) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

CSW Industrials (NASDAQ:CSWI - Get Free Report) released 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. The company had revenue of $230.55 million during the quarter, compared to analyst estimates of $232.82 million. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. During the same quarter in the previous year, the company posted $2.04 EPS.

CSW Industrials Price Performance

NASDAQ:CSWI traded down $6.35 during trading hours on Thursday, hitting $308.11. The company had a trading volume of 14,897 shares, compared to its average volume of 135,269. The stock has a 50-day moving average price of $301.67 and a 200 day moving average price of $340.61. The company has a market capitalization of $5.17 billion, a PE ratio of 36.84 and a beta of 0.96. CSW Industrials has a 52 week low of $245.11 and a 52 week high of $436.50.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were paid a $0.27 dividend. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date was Friday, April 25th. This represents a $1.08 dividend on an annualized basis and a yield of 0.35%. CSW Industrials's dividend payout ratio (DPR) is presently 12.90%.

Analysts Set New Price Targets

CSWI has been the topic of a number of analyst reports. Truist Financial started coverage on CSW Industrials in a research note on Friday, February 14th. They issued a "hold" rating and a $362.00 price target on the stock. Wall Street Zen cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Wells Fargo & Company decreased their target price on shares of CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, Citigroup lowered their price target on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $342.50.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $289.97, for a total transaction of $289,970.00. Following the sale, the chief executive officer now owns 46,848 shares of the company's stock, valued at approximately $13,584,514.56. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total transaction of $57,820.00. Following the completion of the transaction, the director now directly owns 13,119 shares of the company's stock, 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 sold 10,276 shares of company stock worth $3,093,736. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CSW Industrials stock. Integrated Wealth Concepts LLC lifted its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 20.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 970 shares of the basic materials company's stock after purchasing an additional 162 shares during the quarter. Integrated Wealth Concepts LLC's holdings in CSW Industrials were worth $283,000 as of its most recent filing with the Securities & Exchange Commission. 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.

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