Natixis Advisors LLC Buys Shares of 46,828 CSW Industrials, Inc. (NASDAQ:CSWI)

Natixis Advisors LLC bought a new position in CSW Industrials, Inc. (NASDAQ:CSWI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 46,828 shares of the basic materials company’s stock, valued at approximately $12,424,000. Natixis Advisors LLC owned 0.30% of CSW Industrials as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of CSW Industrials by 39.1% during the 1st quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock valued at $284,745,000 after acquiring an additional 340,904 shares in the last quarter. Wasatch Advisors LP increased its position in CSW Industrials by 17.1% in the 4th quarter. Wasatch Advisors LP now owns 591,126 shares of the basic materials company’s stock worth $122,605,000 after purchasing an additional 86,427 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of CSW Industrials by 2.7% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 567,256 shares of the basic materials company’s stock worth $150,499,000 after purchasing an additional 14,900 shares in the last quarter. Capital World Investors lifted its holdings in shares of CSW Industrials by 956.8% during the 1st quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock valued at $88,344,000 after buying an additional 340,939 shares during the last quarter. Finally, Congress Asset Management Co. MA grew its stake in shares of CSW Industrials by 2,254.1% in the 1st quarter. Congress Asset Management Co. MA now owns 189,297 shares of the basic materials company’s stock valued at $44,409,000 after buying an additional 181,256 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CSWI. CL King initiated coverage on shares of CSW Industrials in a research note on Friday, June 21st. They issued a “buy” rating for the company. StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $285.79, for a total value of $285,790.00. Following the transaction, the chief executive officer now directly owns 53,579 shares in the company, valued at $15,312,342.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.

CSW Industrials Stock Performance

CSWI opened at $316.75 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.73. The company has a market cap of $4.92 billion, a PE ratio of 48.51, a price-to-earnings-growth ratio of 2.67 and a beta of 0.77. The stock has a 50-day moving average of $298.19 and a 200-day moving average of $262.18. CSW Industrials, Inc. has a 52-week low of $167.27 and a 52-week high of $337.63.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.18 by $0.29. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. The company had revenue of $226.18 million for the quarter, compared to the consensus estimate of $215.40 million. During the same quarter last year, the company posted $1.97 earnings per share. As a group, equities research analysts forecast that CSW Industrials, Inc. will post 8.45 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Friday, July 26th. CSW Industrials’s dividend payout ratio is 12.86%.

CSW Industrials 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.