CSW Industrials, Inc. (NASDAQ:CSWI) Holdings Lifted by Xponance Inc.

Xponance Inc. grew its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 976 shares of the basic materials company’s stock after purchasing an additional 35 shares during the period. Xponance Inc.’s holdings in CSW Industrials were worth $259,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC grew its position in CSW Industrials by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock worth $461,000 after purchasing an additional 34 shares during the last quarter. Contravisory Investment Management Inc. grew its position in CSW Industrials by 48.1% in the 2nd 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 last quarter. Andina Capital Management LLC grew its position in CSW Industrials by 3.4% in the 2nd quarter. Andina Capital Management LLC now owns 1,506 shares of the basic materials company’s stock worth $400,000 after purchasing an additional 49 shares during the last quarter. Azzad Asset Management Inc. ADV grew its position in CSW Industrials by 1.6% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 3,826 shares of the basic materials company’s stock worth $898,000 after purchasing an additional 59 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of CSW Industrials by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 4,349 shares of the basic materials company’s stock worth $1,154,000 after acquiring an additional 75 shares during the period. Institutional investors own 82.79% of the company’s stock.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $341.37, for a total transaction of $341,370.00. Following the completion of the sale, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at $17,607,523.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CSW Industrials Trading Down 0.5 %

Shares of NASDAQ:CSWI opened at $364.56 on Wednesday. The company has a 50 day moving average of $322.41 and a 200-day moving average of $276.78. The firm has a market cap of $5.66 billion, a P/E ratio of 55.83, a P/E/G ratio of 2.87 and a beta of 0.77. CSW Industrials, Inc. has a twelve month low of $167.27 and a twelve month high of $377.38. The company has a current ratio of 2.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.18.

CSW Industrials (NASDAQ:CSWI) last released its 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 net margin of 13.44% and a return on equity of 19.19%. The business had revenue of $226.18 million during the quarter, compared to analyst estimates of $215.40 million. During the same period in the prior year, the business earned $1.97 earnings per share. As a group, analysts anticipate that CSW Industrials, Inc. will post 8.42 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.23%. The ex-dividend date was Friday, July 26th. CSW Industrials’s dividend payout ratio is presently 12.86%.

About CSW Industrials

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.