Everence Capital Management Inc. Buys Shares of 1,210 CSW Industrials, Inc. (NASDAQ:CSWI)

Everence Capital Management Inc. bought a new position in CSW Industrials, Inc. (NASDAQ:CSWI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,210 shares of the basic materials company’s stock, valued at approximately $443,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Hsbc Holdings PLC lifted its stake in CSW Industrials by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock worth $461,000 after acquiring an additional 34 shares in the last quarter. Xponance Inc. lifted its position in shares of CSW Industrials by 3.7% in the second quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 35 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 36 shares during the period. Contravisory Investment Management Inc. grew 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 valued at $31,000 after purchasing an additional 38 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV increased its stake in CSW Industrials by 1.0% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 3,876 shares of the basic materials company’s stock valued at $1,420,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI opened at $392.79 on Tuesday. 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, Inc. has a one year low of $167.27 and a one year high of $398.80. The business’s 50-day moving average price is $345.69 and its two-hundred day moving average price is $292.45. The company has a market capitalization of $6.10 billion, a P/E ratio of 60.15, a price-to-earnings-growth ratio of 2.99 and a beta of 0.77.

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, topping analysts’ consensus estimates of $2.18 by $0.29. The firm had revenue of $226.18 million for the quarter, compared to the consensus estimate 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 company posted $1.97 earnings per share. Analysts anticipate that CSW Industrials, Inc. will post 8.42 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be issued a $0.24 dividend. The ex-dividend date is Friday, October 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.24%. CSW Industrials’s dividend payout ratio is currently 14.70%.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total transaction of $393,340.00. Following the completion of the sale, the chief executive officer now owns 51,698 shares in the company, valued at approximately $20,334,891.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th.

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.