CSW Industrials (NASDAQ:CSWI) Releases Earnings Results

CSW Industrials (NASDAQ:CSWIGet Rating) announced its earnings results on Wednesday. The basic materials company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.13, MarketWatch Earnings reports. CSW Industrials had a net margin of 9.55% and a return on equity of 14.43%. During the same period in the prior year, the firm earned $0.88 earnings per share.

NASDAQ:CSWI traded up $0.04 during trading hours on Thursday, hitting $104.87. The stock had a trading volume of 241 shares, compared to its average volume of 35,507. CSW Industrials has a one year low of $102.39 and a one year high of $145.50. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.25 and a current ratio of 2.55. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 29.61 and a beta of 0.82. The business’s 50 day moving average is $111.34 and its 200-day moving average is $118.65.

The company also recently announced a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Friday, April 29th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.65%. The ex-dividend date was Thursday, April 28th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.15. CSW Industrials’s dividend payout ratio is presently 19.21%.

A number of research firms recently weighed in on CSWI. Zacks Investment Research downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. Barrington Research reissued an “outperform” rating on shares of CSW Industrials in a research note on Thursday, January 27th. Sidoti began coverage on shares of CSW Industrials in a research note on Thursday, March 31st. They set a “buy” rating and a $149.00 price target for the company. Finally, StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, May 13th.

A number of large investors have recently modified their holdings of CSWI. Goldman Sachs Group Inc. increased its stake in CSW Industrials by 850.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 115,193 shares of the basic materials company’s stock valued at $13,923,000 after purchasing an additional 103,067 shares in the last quarter. Morgan Stanley increased its stake in CSW Industrials by 54.6% in the second quarter. Morgan Stanley now owns 88,113 shares of the basic materials company’s stock valued at $10,438,000 after purchasing an additional 31,132 shares in the last quarter. Eaton Vance Management increased its stake in CSW Industrials by 6.1% in the first quarter. Eaton Vance Management now owns 427,644 shares of the basic materials company’s stock valued at $50,287,000 after purchasing an additional 24,604 shares in the last quarter. Northern Trust Corp increased its stake in CSW Industrials by 11.1% in the first quarter. Northern Trust Corp now owns 172,780 shares of the basic materials company’s stock valued at $20,317,000 after purchasing an additional 17,329 shares in the last quarter. Finally, Invesco Ltd. increased its stake in CSW Industrials by 140.1% in the first quarter. Invesco Ltd. now owns 26,229 shares of the basic materials company’s stock valued at $3,084,000 after purchasing an additional 15,303 shares in the last quarter. 76.27% of the stock is owned by hedge funds and other institutional investors.

About CSW Industrials (Get Rating)

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

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Earnings History for CSW Industrials (NASDAQ:CSWI)

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