2,700 Shares in CSW Industrials, Inc. (NASDAQ:CSWI) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,700 shares of the basic materials company’s stock, valued at approximately $716,000.

A number of other hedge funds have also added to or reduced their stakes in CSWI. Vanguard Group Inc. boosted its holdings in shares of CSW Industrials by 39.1% in the first quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock valued at $284,745,000 after purchasing an additional 340,904 shares during the period. Wasatch Advisors LP grew its position in shares of CSW Industrials by 17.1% during the 4th quarter. Wasatch Advisors LP now owns 591,126 shares of the basic materials company’s stock worth $122,605,000 after buying an additional 86,427 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of CSW Industrials by 2.7% during the second quarter. Conestoga Capital Advisors LLC now owns 567,256 shares of the basic materials company’s stock valued at $150,499,000 after buying an additional 14,900 shares during the period. Capital World Investors raised its holdings in shares of CSW Industrials by 956.8% in the first quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock valued at $88,344,000 after acquiring an additional 340,939 shares in the last quarter. Finally, Congress Asset Management Co. MA grew its holdings in CSW Industrials by 2,254.1% during the 1st quarter. Congress Asset Management Co. MA now owns 189,297 shares of the basic materials company’s stock worth $44,409,000 after acquiring an additional 181,256 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at $17,607,523.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.40% of the company’s stock.

CSW Industrials Price Performance

Shares of CSWI opened at $358.56 on Friday. The company has a 50 day moving average of $313.26 and a two-hundred day moving average of $270.85. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 54.91, a price-to-earnings-growth ratio of 2.52 and a beta of 0.77. The company has a quick ratio of 1.44, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. CSW Industrials, Inc. has a twelve month low of $167.27 and a twelve month high of $366.45.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $215.40 million. During the same quarter last year, the company earned $1.97 earnings per share. As a group, analysts predict that CSW Industrials, Inc. will post 8.45 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

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

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.