CSW Industrials (NASDAQ:CSWI) Hits New 1-Year High at $249.24

CSW Industrials, Inc. (NASDAQ:CSWI)’s stock price reached 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. The stock had previously closed at $248.04.

CSW Industrials Stock Up 0.2 %

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 firm has a market cap of $3.86 billion, a price-to-earnings ratio of 40.01, a PEG ratio of 1.99 and a beta of 0.72. The business has a fifty day simple moving average of $234.57 and a 200 day simple moving average of $211.12.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.19. CSW Industrials’s payout ratio is 13.48%.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $232.36, for a total transaction of $232,360.00. Following the transaction, the chief executive officer now directly owns 50,997 shares in the company, valued at $11,849,662.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the business’s 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 $11,849,662.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Don Sullivan sold 7,826 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $230.90, for a total value of $1,807,023.40. Following the completion of the sale, the executive vice president now owns 28,956 shares of the company’s stock, valued at $6,685,940.40. The disclosure for this sale can be found here. Insiders sold 10,826 shares of company stock worth $2,502,133 over the last three months. Insiders own 1.30% of the company’s stock.

Institutional Trading of CSW Industrials

Several institutional investors have recently made changes to their positions in CSWI. Conestoga Capital Advisors LLC acquired a new stake in CSW Industrials during the third quarter worth $38,503,000. Congress Asset Management Co. MA grew its holdings in shares of CSW Industrials by 2,254.1% during the 1st quarter. Congress Asset Management Co. MA now owns 189,297 shares of the basic materials company’s stock worth $44,409,000 after purchasing an additional 181,256 shares during the period. Wasatch Advisors LP raised its holdings in CSW Industrials by 17.1% in the 4th quarter. Wasatch Advisors LP now owns 591,126 shares of the basic materials company’s stock valued at $122,605,000 after buying an additional 86,427 shares during the period. Eagle Asset Management Inc. acquired a new position in CSW Industrials in the fourth quarter valued at about $8,402,000. Finally, Assenagon Asset Management S.A. boosted its stake in CSW Industrials by 195.5% during the third quarter. Assenagon Asset Management S.A. now owns 54,242 shares of the basic materials company’s stock worth $9,505,000 after buying an additional 35,887 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

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.