CSW Industrials (NASDAQ:CSWI) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS

CSW Industrials (NASDAQ:CSWI) posted its earnings results on Wednesday. The basic materials company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.07, reports. CSW Industrials had a net margin of 13.77% and a return on equity of 19.91%. The company had revenue of $227.93 million during the quarter, compared to analysts’ expectations of $217.95 million.

CSW Industrials Stock Performance

CSW Industrials stock opened at $358.45 on Friday. The company’s 50-day moving average price is $355.60 and its 200-day moving average price is $299.82. CSW Industrials has a twelve month low of $167.27 and a twelve month high of $398.80. 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 company has a market cap of $5.57 billion, a PE ratio of 48.70, a price-to-earnings-growth ratio of 2.85 and a beta of 0.77.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 25th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, October 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.27%. CSW Industrials’s payout ratio is 13.04%.

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total transaction of $393,340.00. Following the transaction, the chief executive officer now directly owns 51,698 shares in the company, valued at approximately $20,334,891.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 36 shares during the last quarter. V Square Quantitative Management LLC bought a new position in CSW Industrials during the 3rd quarter valued at about $30,000. Contravisory Investment Management Inc. boosted its position 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 during the period. Nisa Investment Advisors LLC boosted its position in CSW Industrials by 508.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after buying an additional 173 shares during the period. Finally, Covestor Ltd boosted its position in CSW Industrials by 17.4% in the 3rd quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock valued at $96,000 after buying an additional 39 shares during the period. 82.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th.

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.