CSW Industrials (NASDAQ:CSWI) Reaches New 1-Year High at $256.65

CSW Industrials, Inc. (NASDAQ:CSWI) reached a new 52-week high during trading on Thursday . The company traded as high as $256.65 and last traded at $253.55, with a volume of 22625 shares trading hands. The stock had previously closed at $247.53.

CSW Industrials Trading Up 3.5 %

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 business’s 50 day simple moving average is $237.71 and its 200 day simple moving average is $216.64. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 41.93, a price-to-earnings-growth ratio of 2.05 and a beta of 0.72.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.33%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, April 25th. CSW Industrials’s payout ratio is 13.48%.

Insider Transactions at CSW Industrials

In other CSW Industrials news, EVP Don Sullivan sold 7,826 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 28,956 shares of the company’s stock, valued at $6,685,940.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $232.69, for a total transaction of $232,690.00. Following the completion of the transaction, the chief executive officer now owns 56,579 shares of the company’s stock, valued at $13,165,367.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Don Sullivan sold 7,826 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $230.90, for a total transaction of $1,807,023.40. Following the transaction, the executive vice president now directly owns 28,956 shares of the company’s stock, valued at approximately $6,685,940.40. The disclosure for this sale can be found here. Insiders have sold a total of 9,826 shares of company stock worth $2,269,773 over the last ninety days. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CSW Industrials

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new stake in shares of CSW Industrials in the fourth quarter worth $31,000. Harbor Investment Advisory LLC acquired a new position in CSW Industrials during the 1st quarter worth $58,000. Huntington National Bank grew its holdings in CSW Industrials by 1,722.7% during the 3rd quarter. Huntington National Bank now owns 401 shares of the basic materials company’s stock worth $70,000 after acquiring an additional 379 shares in the last quarter. Simplex Trading LLC acquired a new position in CSW Industrials during the 4th quarter worth $93,000. Finally, Crewe Advisors LLC acquired a new position in CSW Industrials during the 3rd quarter worth $110,000. Institutional investors and hedge funds 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.