CSW Industrials (NASDAQ:CSWI) Issues Quarterly Earnings Results, Beats Expectations By $0.18 EPS

CSW Industrials (NASDAQ:CSWI) announced its earnings results on Thursday. The basic materials company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.18, reports. CSW Industrials had a return on equity of 18.86% and a net margin of 12.82%. The firm had revenue of $210.86 million during the quarter, compared to the consensus estimate of $204.70 million.

CSW Industrials Trading Up 2.3 %

CSW Industrials stock opened at $261.69 on Friday. The business has a 50 day moving average price of $239.17 and a two-hundred day moving average price of $218.08. The company has a quick ratio of 1.40, a current ratio of 2.77 and a debt-to-equity ratio of 0.26. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 40.08, a price-to-earnings-growth ratio of 2.15 and a beta of 0.72. CSW Industrials has a 12 month low of $135.70 and a 12 month high of $262.83.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were paid a dividend of $0.21 per share. This is an increase from CSW Industrials’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $0.84 annualized dividend and a yield of 0.32%. CSW Industrials’s dividend payout ratio is presently 12.86%.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction that occurred 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 owns 56,579 shares of the company’s stock, valued at approximately $13,165,367.51. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other CSW Industrials news, 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 value of $1,807,023.40. Following the completion of the transaction, the executive vice president now owns 28,956 shares of the company’s stock, valued at approximately $6,685,940.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $232,690.00. Following the completion of the transaction, the chief executive officer now directly owns 56,579 shares of the company’s stock, valued at approximately $13,165,367.51. The disclosure for this sale can be found here. Insiders sold a total of 9,826 shares of company stock valued at $2,269,773 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

Several large investors have recently added to or reduced their stakes in CSWI. Fifth Third Bancorp acquired a new position in shares of CSW Industrials in the 4th quarter worth approximately $31,000. Harbor Investment Advisory LLC acquired a new position in shares of CSW Industrials in the 1st quarter worth approximately $58,000. Huntington National Bank raised its holdings in shares of CSW Industrials by 1,722.7% in the 3rd quarter. Huntington National Bank now owns 401 shares of the basic materials company’s stock worth $70,000 after buying an additional 379 shares in the last quarter. Simplex Trading LLC acquired a new position in shares of CSW Industrials in the 4th quarter worth approximately $93,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of CSW Industrials by 103.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 595 shares of the basic materials company’s stock worth $123,000 after buying an additional 303 shares in the last quarter. 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.