State of Alaska Department of Revenue Takes $3.48 Million Position in CSW Industrials, Inc. (NASDAQ:CSWI)

State of Alaska Department of Revenue bought a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,490 shares of the basic materials company’s stock, valued at approximately $3,477,000. State of Alaska Department of Revenue owned approximately 0.06% of CSW Industrials at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CSWI. Vanguard Group Inc. lifted its position in CSW Industrials by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 872,844 shares of the basic materials company’s stock worth $181,037,000 after buying an additional 18,481 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its position in CSW Industrials by 1.6% during the first quarter. Azzad Asset Management Inc. ADV now owns 3,826 shares of the basic materials company’s stock worth $898,000 after buying an additional 59 shares in the last quarter. Norden Group LLC purchased a new position in CSW Industrials during the first quarter worth approximately $351,000. Principal Financial Group Inc. lifted its position in CSW Industrials by 11.7% during the first quarter. Principal Financial Group Inc. now owns 6,508 shares of the basic materials company’s stock worth $1,527,000 after buying an additional 683 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in CSW Industrials by 12.1% during the first quarter. BNP Paribas Financial Markets now owns 17,499 shares of the basic materials company’s stock worth $4,105,000 after buying an additional 1,883 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $20,334,891.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by insiders.

CSW Industrials Price Performance

CSWI stock opened at $360.09 on Thursday. The business has a fifty day moving average of $353.25 and a two-hundred day moving average of $298.15. The company has a quick ratio of 1.44, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 55.29, a price-to-earnings-growth ratio of 2.99 and a beta of 0.77. CSW Industrials, Inc. has a 52-week low of $167.27 and a 52-week high of $398.80.

CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.29. The company had revenue of $226.18 million during the quarter, compared to analysts’ expectations 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 last year, the firm earned $1.97 earnings per share. As a group, research analysts anticipate that CSW Industrials, Inc. will post 8.42 earnings per share for the current year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 25th will be paid a dividend of $0.24 per share. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, October 25th. This represents a $0.96 annualized dividend and a yield of 0.27%. CSW Industrials’s dividend payout ratio (DPR) is 14.70%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research report 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.