Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 247,240 shares of the basic materials company’s stock, valued at approximately $65,595,000.
Other large investors also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. boosted its position in CSW Industrials by 48.1% during the second 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 stake in CSW Industrials during the 1st quarter valued at $58,000. SG Americas Securities LLC purchased a new stake in shares of CSW Industrials during the first quarter worth $148,000. Professional Advisory Services Inc. purchased a new stake in shares of CSW Industrials during the second quarter worth $212,000. Finally, nVerses Capital LLC bought a new position in shares of CSW Industrials in the second quarter worth $212,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.
CSW Industrials Trading Down 0.2 %
Shares of CSWI stock opened at $358.56 on Friday. The company has a market capitalization of $5.57 billion, a PE ratio of 54.91, a price-to-earnings-growth ratio of 2.52 and a beta of 0.77. CSW Industrials, Inc. has a 52-week low of $167.27 and a 52-week high of $366.45. The business’s fifty day moving average is $313.26 and its 200 day moving average is $270.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.73.
CSW Industrials Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a dividend of $0.21 per share. The ex-dividend date was Friday, July 26th. This represents a $0.84 annualized dividend and a yield of 0.23%. CSW Industrials’s payout ratio is presently 12.86%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on CSWI shares. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. CL King started coverage on shares of CSW Industrials in a report on Friday, June 21st. They set a “buy” rating on the stock.
View Our Latest Report on CSWI
Insider Buying and Selling at CSW Industrials
In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 53,579 shares of the company’s stock, valued at approximately $15,312,342.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by company insiders.
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.
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