CSW Industrials (NASDAQ:CSWI) Hits New 12-Month High at $249.24

Shares of CSW Industrials, Inc. (NASDAQ:CSWI) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $249.24 and last traded at $247.73, with a volume of 2220 shares trading hands. The stock had previously closed at $248.04.

CSW Industrials Trading Down 0.5 %

The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 39.60, a price-to-earnings-growth ratio of 1.99 and a beta of 0.72. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 2.77. The company has a 50 day moving average of $235.74 and a 200-day moving average of $212.15.

CSW Industrials Increases Dividend

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

Insiders Place Their Bets

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $232.69, for a total value of $232,690.00. Following the completion of the transaction, the chief executive officer now directly owns 56,579 shares in the company, valued at $13,165,367.51. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $232.69, for a total value of $232,690.00. Following the transaction, the chief executive officer now owns 56,579 shares of the company’s stock, valued at $13,165,367.51. 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 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 completion of the transaction, the executive vice president now owns 28,956 shares in the company, valued at approximately $6,685,940.40. The disclosure for this sale can be found here. Insiders sold a total of 10,826 shares of company stock worth $2,502,133 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

Hedge funds have recently made changes to their positions in the company. ProShare Advisors LLC grew its stake in CSW Industrials by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 2,771 shares of the basic materials company’s stock worth $650,000 after buying an additional 218 shares during the last quarter. US Bancorp DE increased its holdings in shares of CSW Industrials by 8.0% in the 1st quarter. US Bancorp DE now owns 2,330 shares of the basic materials company’s stock valued at $547,000 after acquiring an additional 172 shares during the period. Russell Investments Group Ltd. raised its position in CSW Industrials by 20,750.0% in the 1st quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock valued at $196,000 after purchasing an additional 830 shares during the last quarter. Sei Investments Co. boosted its stake in CSW Industrials by 8.6% during the 1st quarter. Sei Investments Co. now owns 52,249 shares of the basic materials company’s stock worth $12,257,000 after purchasing an additional 4,126 shares during the period. Finally, TCI Wealth Advisors Inc. acquired a new position in CSW Industrials in the first quarter valued at $202,000. 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.