CSW Industrials (NASDAQ:CSWI) Reaches New 1-Year High – Should You Buy?

Shares of CSW Industrials, Inc. (NASDAQ:CSWI) hit a new 52-week high on Monday . The company traded as high as $432.59 and last traded at $432.59, with a volume of 3302 shares traded. The stock had previously closed at $426.66.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CSWI shares. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Wells Fargo & Company initiated coverage on shares of CSW Industrials in a research report on Monday. They set an “equal weight” rating and a $425.00 price target on the stock. Finally, Citigroup raised shares of CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th.

CSW Industrials Stock Up 0.5 %

The company has a fifty day simple moving average of $382.05 and a 200 day simple moving average of $318.54. The firm has a market capitalization of $7.21 billion, a P/E ratio of 58.43, a P/E/G ratio of 3.42 and a beta of 0.78.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were paid a $0.24 dividend. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a yield of 0.22%. CSW Industrials’s payout ratio is presently 13.04%.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total transaction of $393,340.00. Following the sale, the chief executive officer now directly owns 51,698 shares in the company, valued at approximately $20,334,891.32. This trade represents a 1.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 3,000 shares of company stock worth $1,139,500. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CSWI. GAMMA Investing LLC increased its holdings in CSW Industrials by 105.9% in 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 in the last quarter. National Bank of Canada FI purchased a new stake in shares of CSW Industrials during the 3rd quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in shares of CSW Industrials in the third quarter worth approximately $30,000. Contravisory Investment Management Inc. grew its stake in shares of CSW Industrials by 48.1% in the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 38 shares during the period. Finally, Peterson Financial Group Inc. purchased a new position in shares of CSW Industrials during the third quarter valued at approximately $72,000. 82.79% of the stock is owned by institutional investors.

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.