CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 35.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 458,554 shares of the basic materials company’s stock after selling 256,473 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CSW Industrials were worth $121,659,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its position in CSW Industrials by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 77,995 shares of the basic materials company’s stock valued at $20,693,000 after acquiring an additional 6,137 shares in the last quarter. HMS Capital Management LLC acquired a new stake in CSW Industrials during the 2nd quarter valued at $641,000. Raymond James & Associates increased its stake in CSW Industrials by 15.3% during the 2nd quarter. Raymond James & Associates now owns 24,904 shares of the basic materials company’s stock worth $6,607,000 after buying an additional 3,307 shares during the period. Portside Wealth Group LLC purchased a new stake in CSW Industrials during the 2nd quarter worth $243,000. Finally, Assenagon Asset Management S.A. lifted its holdings in CSW Industrials by 3.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 21,199 shares of the basic materials company’s stock worth $5,624,000 after buying an additional 679 shares in the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 53,579 shares in the company, valued at $15,312,342.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

CSWI has been the topic of a number of analyst reports. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. CL King started coverage on CSW Industrials in a research report on Friday, June 21st. They issued a “buy” rating on the stock.

CSW Industrials Stock Performance

Shares of CSWI stock opened at $326.46 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.56 and a current ratio of 2.73. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 49.99, a PEG ratio of 2.51 and a beta of 0.77. CSW Industrials, Inc. has a one year low of $167.27 and a one year high of $329.02. The company’s 50-day simple moving average is $290.75 and its 200-day simple moving average is $257.87.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.29. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. The business had revenue of $226.18 million for the quarter, compared to analysts’ expectations of $215.40 million. During the same period in the prior year, the firm earned $1.97 EPS. Equities analysts anticipate that CSW Industrials, Inc. will post 8.39 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 issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, July 26th. CSW Industrials’s dividend payout ratio (DPR) is 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.