Sequoia Financial Advisors LLC Makes New $1.13 Million Investment in CSW Industrials, Inc. (NASDAQ:CSWI)

Sequoia Financial Advisors LLC purchased a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) during the third quarter, HoldingsChannel.com reports. The firm purchased 3,081 shares of the basic materials company’s stock, valued at approximately $1,129,000.

A number of other large investors also recently made changes to their positions in CSWI. Everence Capital Management Inc. acquired a new stake in shares of CSW Industrials in the 3rd quarter valued at approximately $443,000. Blue Trust Inc. raised its holdings in CSW Industrials by 2,518.2% in the third quarter. Blue Trust Inc. now owns 288 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 277 shares during the period. V Square Quantitative Management LLC bought a new position in shares of CSW Industrials during the third quarter worth $30,000. Creative Planning grew its holdings in shares of CSW Industrials by 38.2% in the 3rd quarter. Creative Planning now owns 7,387 shares of the basic materials company’s stock valued at $2,707,000 after buying an additional 2,041 shares during the period. Finally, USA Financial Formulas bought a new stake in shares of CSW Industrials in the 3rd quarter valued at $119,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Price Performance

NASDAQ CSWI opened at $367.05 on Friday. 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, Inc. has a 52-week low of $167.27 and a 52-week high of $398.80. The business has a 50 day simple moving average of $351.06 and a 200 day simple moving average of $295.54. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 56.21, a PEG ratio of 2.99 and a beta of 0.77.

CSW Industrials (NASDAQ:CSWI) last issued 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 business had revenue of $226.18 million for the quarter, compared to analyst estimates 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 last year, the business 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 company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 25th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.26%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, October 25th. CSW Industrials’s payout ratio is 14.70%.

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total value of $393,340.00. Following the sale, the chief executive officer now owns 51,698 shares of the company’s stock, valued at approximately $20,334,891.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.