CSW Industrials (NASDAQ:CSWI) Reaches New 52-Week Low at $96.26

CSW Industrials, Inc. (NASDAQ:CSWIGet Rating)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $96.26 and last traded at $98.36, with a volume of 50597 shares changing hands. The stock had previously closed at $97.18.

CSWI has been the topic of several analyst reports. Sidoti initiated coverage on shares of CSW Industrials in a research report on Thursday, March 31st. They set a “buy” rating and a $149.00 price target on the stock. StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, May 13th.

The company has a market cap of $1.53 billion, a price-to-earnings ratio of 23.78 and a beta of 0.82. The company has a current ratio of 2.56, a quick ratio of 1.28 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average price is $106.63 and its 200-day moving average price is $113.45.

CSW Industrials (NASDAQ:CSWIGet Rating) last released its quarterly earnings results on Wednesday, May 18th. The basic materials company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.04 by $0.13. CSW Industrials had a net margin of 10.34% and a return on equity of 14.99%. The business had revenue of $173.30 million for the quarter, compared to the consensus estimate of $150.19 million. During the same period in the prior year, the company posted $0.88 earnings per share. Equities research analysts forecast that CSW Industrials, Inc. will post 5.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 13th. Stockholders of record on Friday, April 29th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, April 28th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 0.70%. CSW Industrials’s dividend payout ratio (DPR) is currently 16.59%.

A number of institutional investors have recently made changes to their positions in CSWI. UMB Bank N A MO acquired a new position in CSW Industrials during the fourth quarter valued at approximately $36,000. Elmwood Wealth Management Inc. acquired a new position in shares of CSW Industrials during the 4th quarter worth $50,000. Lazard Asset Management LLC lifted its position in shares of CSW Industrials by 13.2% during the 4th quarter. Lazard Asset Management LLC now owns 761 shares of the basic materials company’s stock worth $91,000 after buying an additional 89 shares during the last quarter. US Bancorp DE boosted its stake in CSW Industrials by 14.7% in the first quarter. US Bancorp DE now owns 1,642 shares of the basic materials company’s stock valued at $193,000 after buying an additional 210 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in CSW Industrials by 13.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,810 shares of the basic materials company’s stock valued at $219,000 after acquiring an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 76.27% of the company’s stock.

About CSW Industrials (NASDAQ:CSWI)

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 cements, diffusers, grilles, registers, solvents, thread sealants, traps, and vents for use in HVAC/R, plumbing, general industrial, architecturally, and specified building products.

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