CSW Industrials, Inc. (CSWI) Reaches New 52-Week High at $44.28

CSW Industrials, Inc. (NASDAQ:CSWI) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $44.28 and last traded at $44.28, with a volume of 9,421 shares trading hands. The stock had previously closed at $43.70.

A number of equities research analysts have issued reports on CSWI shares. BidaskClub upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. FBR & Co restated an “outperform” rating on shares of CSW Industrials in a research note on Tuesday, July 11th.

The stock has a market capitalization of $701.93 million, a price-to-earnings ratio of 45.20 and a beta of 1.33. The stock’s 50 day moving average price is $40.50 and its 200-day moving average price is $37.65.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.10. CSW Industrials had a return on equity of 10.53% and a net margin of 4.54%. The firm had revenue of $98.03 million during the quarter, compared to analysts’ expectations of $94.90 million. During the same period last year, the business posted $0.51 earnings per share. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. Analysts anticipate that CSW Industrials, Inc. will post $2.00 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. New York State Common Retirement Fund raised its position in CSW Industrials by 0.7% during the second quarter. New York State Common Retirement Fund now owns 14,900 shares of the basic materials company’s stock valued at $576,000 after acquiring an additional 99 shares in the last quarter. Nationwide Fund Advisors raised its position in CSW Industrials by 4.2% during the first quarter. Nationwide Fund Advisors now owns 9,317 shares of the basic materials company’s stock valued at $342,000 after acquiring an additional 379 shares in the last quarter. American International Group Inc. raised its position in CSW Industrials by 7.2% during the first quarter. American International Group Inc. now owns 8,884 shares of the basic materials company’s stock valued at $326,000 after acquiring an additional 595 shares in the last quarter. Teachers Advisors LLC raised its position in CSW Industrials by 2.9% during the first quarter. Teachers Advisors LLC now owns 24,328 shares of the basic materials company’s stock valued at $893,000 after acquiring an additional 679 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in CSW Industrials by 1.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 67,032 shares of the basic materials company’s stock valued at $2,591,000 after acquiring an additional 840 shares in the last quarter. Institutional investors own 69.44% of the company’s stock.

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About CSW Industrials

CSW Industrials, Inc (CSWI) is a diversified industrial growth company. The Company operates through three segments: Industrial Products; Coatings, Sealants & Adhesives, and Specialty Chemicals. The Industrial Products segment consists of specialty mechanical products; fire and smoke protection products; architecturally specified building products, and storage, filtration and application equipment.

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