Envestnet Asset Management Inc. Purchases 24,802 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Envestnet Asset Management Inc. boosted its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 90.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,357 shares of the basic materials company’s stock after acquiring an additional 24,802 shares during the period. Envestnet Asset Management Inc.’s holdings in CSW Industrials were worth $13,891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CSWI. Capital World Investors boosted its position in shares of CSW Industrials by 956.8% in the 1st quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock worth $88,344,000 after purchasing an additional 340,939 shares in the last quarter. Vanguard Group Inc. boosted its holdings in 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 worth $284,745,000 after acquiring an additional 340,904 shares in the last quarter. Congress Asset Management Co. MA grew its stake in shares of CSW Industrials by 2,254.1% during the first 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 during the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of CSW Industrials by 38.5% during the first quarter. Conestoga Capital Advisors LLC now owns 552,356 shares of the basic materials company’s stock valued at $129,583,000 after acquiring an additional 153,676 shares in the last quarter. Finally, Wasatch Advisors LP raised its position in shares of CSW Industrials by 17.1% in the 4th quarter. Wasatch Advisors LP now owns 591,126 shares of the basic materials company’s stock valued at $122,605,000 after purchasing an additional 86,427 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CSW Industrials

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

CSW Industrials Trading Up 1.4 %

CSW Industrials stock opened at $366.97 on Wednesday. The stock has a 50-day moving average price of $316.05 and a 200 day moving average price of $272.91. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 56.20, 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 $367.54. 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 (NASDAQ:CSWI) last released its quarterly earnings data 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. The business had revenue of $226.18 million for the quarter, compared to the consensus estimate of $215.40 million. CSW Industrials had a net margin of 13.44% and a return on equity of 19.19%. During the same period in the prior year, the firm earned $1.97 EPS. Sell-side analysts anticipate that CSW Industrials, Inc. will post 8.45 EPS for the current year.

CSW Industrials Dividend Announcement

The business also recently disclosed 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 was Friday, July 26th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. CSW Industrials’s payout ratio is currently 12.86%.

Analyst Ratings Changes

CSWI has been the topic of a number of recent analyst reports. CL King started coverage on shares of CSW Industrials in a research note on Friday, June 21st. They set a “buy” rating on the stock. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th.

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.