CSW Industrials (NASDAQ:CSWI) Shares Gap Up – Here’s What Happened

CSW Industrials, Inc. (NASDAQ:CSWI) shares gapped up prior to trading on Friday . The stock had previously closed at $374.39, but opened at $383.75. CSW Industrials shares last traded at $374.95, with a volume of 4,140 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. CL King began coverage on shares of CSW Industrials in a research report on Friday, June 21st. They issued a “buy” rating for the company.

CSW Industrials Stock Performance

The stock has a market cap of $6.00 billion, a P/E ratio of 54.20, a price-to-earnings-growth ratio of 2.99 and a beta of 0.77. The company has a quick ratio of 1.44, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average is $333.31 and its two-hundred day moving average is $283.77.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.29. CSW Industrials had a net margin of 13.44% and a return on equity of 19.19%. The business had revenue of $226.18 million for the quarter, compared to the consensus estimate of $215.40 million. During the same quarter last year, the company posted $1.97 earnings per share. As a group, research analysts expect that CSW Industrials, Inc. will post 8.42 EPS for the current year.

Insider Buying and Selling

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $341.37, for a total value of $341,370.00. Following the completion of the sale, the chief executive officer now owns 51,579 shares of the company’s stock, valued at $17,607,523.23. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CSW Industrials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC raised its holdings in CSW Industrials by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock worth $461,000 after buying an additional 34 shares during the period. Xponance Inc. lifted its stake in CSW Industrials by 3.7% in the second quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock valued at $259,000 after acquiring an additional 35 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after buying an additional 36 shares during the last quarter. Contravisory Investment Management Inc. grew its holdings in CSW Industrials by 48.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after buying an additional 38 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV increased its position in CSW Industrials by 1.0% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 3,876 shares of the basic materials company’s stock worth $1,420,000 after buying an additional 40 shares during the period. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Company Profile

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.