BidaskClub cut shares of CSW Industrials (NASDAQ:CSWI) from a buy rating to a hold rating in a research note published on Thursday, BidAskClub reports.

Shares of NASDAQ CSWI opened at $65.38 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.12 and a quick ratio of 1.91. The company has a market cap of $1.02 billion, a P/E ratio of 22.69 and a beta of 1.05. CSW Industrials has a 1 year low of $41.50 and a 1 year high of $75.67. The firm has a 50-day simple moving average of $69.35 and a two-hundred day simple moving average of $62.63.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Thursday, August 8th. The basic materials company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.10. The business had revenue of $102.30 million during the quarter, compared to the consensus estimate of $98.13 million. CSW Industrials had a net margin of 13.53% and a return on equity of 17.33%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Tuesday, July 30th were paid a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Monday, July 29th.

In other CSW Industrials news, CEO Joseph B. Armes sold 15,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $68.88, for a total value of $1,033,200.00. Following the completion of the sale, the chief executive officer now owns 59,340 shares of the company’s stock, valued at $4,087,339.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Chicago Equity Partners LLC bought a new stake in CSW Industrials in the second quarter worth about $1,190,000. Rice Hall James & Associates LLC increased its position in shares of CSW Industrials by 5.4% during the second quarter. Rice Hall James & Associates LLC now owns 51,885 shares of the basic materials company’s stock worth $3,536,000 after acquiring an additional 2,649 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of CSW Industrials by 3,824.1% during the first quarter. BNP Paribas Arbitrage SA now owns 3,100 shares of the basic materials company’s stock worth $178,000 after acquiring an additional 3,021 shares during the period. JPMorgan Chase & Co. increased its position in shares of CSW Industrials by 97.6% during the first quarter. JPMorgan Chase & Co. now owns 129,739 shares of the basic materials company’s stock worth $7,433,000 after acquiring an additional 64,089 shares during the period. Finally, Meeder Asset Management Inc. increased its position in shares of CSW Industrials by 145.2% during the first quarter. Meeder Asset Management Inc. now owns 1,069 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 633 shares during the period. 76.62% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. The company operates through two segments, Industrial Products and Specialty Chemicals. The Industrial Products segment offers specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration, and application equipment for use with specialty chemicals and other products.

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