Hsbc Holdings PLC Buys 34 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Hsbc Holdings PLC boosted its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 2.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,743 shares of the basic materials company’s stock after purchasing an additional 34 shares during the quarter. Hsbc Holdings PLC’s holdings in CSW Industrials were worth $461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CSWI. Contravisory Investment Management Inc. boosted its stake 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 period. Harbor Investment Advisory LLC bought a new position in CSW Industrials in the 1st quarter worth approximately $58,000. SG Americas Securities LLC bought a new position in CSW Industrials in the 1st quarter worth approximately $148,000. Russell Investments Group Ltd. boosted its stake in CSW Industrials by 20,750.0% in the 1st quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 830 shares during the period. Finally, TCI Wealth Advisors Inc. bought a new position in CSW Industrials in the 1st quarter worth approximately $202,000. 82.79% of the stock is currently owned by institutional investors.

CSW Industrials Stock Down 0.5 %

Shares of CSWI opened at $364.56 on Wednesday. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 56.11, a price-to-earnings-growth ratio of 2.87 and a beta of 0.77. CSW Industrials, Inc. has a 1 year low of $167.27 and a 1 year high of $377.38. The business’s 50 day simple moving average is $322.41 and its 200-day simple moving average is $276.78. 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 (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 company 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 quarter in the prior year, the firm posted $1.97 EPS. As a group, equities analysts expect that CSW Industrials, Inc. will post 8.42 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on CSWI. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. CL King assumed coverage on 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 CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $341.37, for a total value of $341,370.00. Following the transaction, the chief executive officer now owns 51,579 shares in the company, valued at $17,607,523.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by insiders.

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.