Kayne Anderson Rudnick Investment Management LLC Buys Shares of 247,240 CSW Industrials, Inc. (NASDAQ:CSWI)

Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 247,240 shares of the basic materials company’s stock, valued at approximately $65,595,000.

Other large investors also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. boosted its position in CSW Industrials by 48.1% during the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 38 shares during the period. Harbor Investment Advisory LLC bought a new stake in CSW Industrials during the 1st quarter valued at $58,000. SG Americas Securities LLC purchased a new stake in shares of CSW Industrials during the first quarter worth $148,000. Professional Advisory Services Inc. purchased a new stake in shares of CSW Industrials during the second quarter worth $212,000. Finally, nVerses Capital LLC bought a new position in shares of CSW Industrials in the second quarter worth $212,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Down 0.2 %

Shares of CSWI stock opened at $358.56 on Friday. The company has a market capitalization of $5.57 billion, a PE ratio of 54.91, a price-to-earnings-growth ratio of 2.52 and a beta of 0.77. CSW Industrials, Inc. has a 52-week low of $167.27 and a 52-week high of $366.45. The business’s fifty day moving average is $313.26 and its 200 day moving average is $270.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.73.

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

CSW Industrials Dividend Announcement

The business 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. The ex-dividend date was Friday, July 26th. This represents a $0.84 annualized dividend and a yield of 0.23%. CSW Industrials’s payout ratio is presently 12.86%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CSWI shares. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. CL King started coverage on shares of CSW Industrials in a report on Friday, June 21st. They set a “buy” rating on the stock.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $285.79, for a total value of $285,790.00. Following the transaction, the chief executive officer now owns 53,579 shares of the company’s stock, valued at approximately $15,312,342.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by company insiders.

CSW Industrials Company 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.