CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $249.24 and last traded at $247.73, with a volume of 2220 shares changing hands. The stock had previously closed at $248.04.
CSW Industrials Price Performance
The company has a debt-to-equity ratio of 0.26, a current ratio of 2.77 and a quick ratio of 1.40. The stock has a market cap of $3.89 billion, a P/E ratio of 40.18, a P/E/G ratio of 1.99 and a beta of 0.72. The company's 50 day simple moving average is $234.99 and its 200 day simple moving average is $211.66.
CSW Industrials Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be given a dividend of $0.21 per share. 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. This represents a $0.84 annualized dividend and a dividend yield of 0.34%. CSW Industrials's dividend payout ratio is currently 13.48%.
Insider Transactions at CSW Industrials
In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $232.36, for a total transaction of $232,360.00. Following the completion of the sale, the chief executive officer now owns 50,997 shares of the company's stock, valued at $11,849,662.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Don Sullivan sold 7,826 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $230.90, for a total transaction of $1,807,023.40. Following the completion of the transaction, the executive vice president now owns 28,956 shares in the company, valued at $6,685,940.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $232.36, for a total transaction of $232,360.00. Following the transaction, the chief executive officer now owns 50,997 shares of the company's stock, valued at approximately $11,849,662.92. The disclosure for this sale can be found here. Insiders sold 10,826 shares of company stock valued at $2,502,133 over the last quarter. Corporate insiders own 1.30% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in CSW Industrials by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 872,844 shares of the basic materials company's stock worth $181,037,000 after purchasing an additional 18,481 shares during the last quarter. Wasatch Advisors LP boosted its holdings 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 purchasing an additional 86,427 shares during the last quarter. Conestoga Capital Advisors LLC lifted its stake in CSW Industrials by 38.5% in the first quarter. Conestoga Capital Advisors LLC now owns 552,356 shares of the basic materials company's stock valued at $129,583,000 after acquiring an additional 153,676 shares during the last quarter. Northern Trust Corp lifted its stake in CSW Industrials by 14.1% in the third quarter. Northern Trust Corp now owns 192,084 shares of the basic materials company's stock valued at $33,661,000 after acquiring an additional 23,726 shares during the last quarter. Finally, Congress Asset Management Co. MA lifted its stake in CSW Industrials by 2,254.1% in the first quarter. Congress Asset Management Co. MA now owns 189,297 shares of the basic materials company's stock valued at $44,409,000 after acquiring an additional 181,256 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.
About CSW Industrials
(
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.
Read More
Before you consider CSW Industrials, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CSW Industrials wasn't on the list.
While CSW Industrials currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
