CSW Industrials (NASDAQ:CSWI) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of CSW Industrials (NASDAQ:CSWIGet Rating) in a report published on Thursday morning. The brokerage issued a buy rating on the basic materials company’s stock.

CSW Industrials Trading Down 3.0 %

Shares of CSW Industrials stock opened at $131.15 on Thursday. CSW Industrials has a 12-month low of $96.03 and a 12-month high of $148.91. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 23.29 and a beta of 0.80. The company has a current ratio of 2.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average price is $136.01 and its 200-day moving average price is $126.15.

CSW Industrials (NASDAQ:CSWIGet Rating) last announced its quarterly earnings results on Thursday, February 2nd. The basic materials company reported $1.01 earnings per share (EPS) for the quarter. The firm had revenue of $171.09 million for the quarter. CSW Industrials had a net margin of 11.94% and a return on equity of 18.32%.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 10th. Shareholders of record on Friday, January 27th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Thursday, January 26th. CSW Industrials’s payout ratio is currently 12.08%.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $127.05, for a total value of $127,050.00. Following the transaction, the chief executive officer now owns 56,176 shares in the company, valued at $7,137,160.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 3,000 shares of company stock worth $399,720. Insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd purchased a new stake in CSW Industrials in the second quarter worth $34,000. My Personal CFO LLC purchased a new position in CSW Industrials during the fourth quarter valued at $46,000. Lazard Asset Management LLC purchased a new position in CSW Industrials during the third quarter valued at $52,000. Rockefeller Capital Management L.P. lifted its position in CSW Industrials by 278.5% during the third quarter. Rockefeller Capital Management L.P. now owns 511 shares of the basic materials company’s stock valued at $61,000 after buying an additional 376 shares during the period. Finally, Ensign Peak Advisors Inc purchased a new position in CSW Industrials during the third quarter valued at $89,000. Hedge funds and other institutional investors own 79.10% of the company’s stock.

About CSW Industrials

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CSW Industrials, Inc provides performance solutions to customers. It operates through the following segments: Industrial Products and Specialty Chemicals. The Industrial products segment manufactures specialty mechanical products, fire and smoke protection products, architecturally-specified building products, and storage, filtration and application equipment.

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