Daymark Wealth Partners LLC Acquires New Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Daymark Wealth Partners LLC acquired a new stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,800 shares of the basic materials company’s stock, valued at approximately $478,000.

Other large investors also recently modified their holdings of the company. Contravisory Investment Management Inc. raised its holdings in shares of CSW Industrials by 48.1% during the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after buying an additional 38 shares in the last quarter. Harbor Investment Advisory LLC purchased a new position in shares of CSW Industrials during the 1st quarter valued at about $58,000. SG Americas Securities LLC purchased a new position in shares of CSW Industrials during the 1st quarter valued at about $148,000. Russell Investments Group Ltd. grew its position in CSW Industrials by 20,750.0% during the 1st quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock worth $196,000 after acquiring an additional 830 shares during the last quarter. Finally, TCI Wealth Advisors Inc. bought a new position in CSW Industrials during the 1st quarter worth approximately $202,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CSWI. CL King began coverage on CSW Industrials in a research report on Friday, June 21st. They set a “buy” rating on the stock. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $341.37, for a total value of $341,370.00. Following the sale, the chief executive officer now directly owns 51,579 shares in the company, valued at approximately $17,607,523.23. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.40% of the company’s stock.

CSW Industrials Price Performance

CSWI opened at $369.72 on Friday. The stock’s 50 day simple moving average is $319.25 and its 200 day simple moving average is $274.26. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 1.44. CSW Industrials, Inc. has a 1 year low of $167.27 and a 1 year high of $377.38. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 56.62, a PEG ratio of 2.87 and a beta of 0.77.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.29. The business had revenue of $226.18 million for the quarter, compared to analyst estimates of $215.40 million. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. During the same period last year, the company earned $1.97 EPS. As a group, analysts predict that CSW Industrials, Inc. will post 8.42 earnings per share for the current year.

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a $0.21 dividend. The ex-dividend date was Friday, July 26th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. CSW Industrials’s dividend payout ratio is currently 12.86%.

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.