Vanguard Group Inc. Grows Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Vanguard Group Inc. grew its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 872,844 shares of the basic materials company’s stock after acquiring an additional 18,481 shares during the quarter. Vanguard Group Inc. owned 5.62% of CSW Industrials worth $181,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. SageView Advisory Group LLC grew its position in CSW Industrials by 123.1% in the 4th quarter. SageView Advisory Group LLC now owns 17,902 shares of the basic materials company’s stock worth $3,899,000 after purchasing an additional 9,877 shares in the last quarter. Wasatch Advisors LP boosted its stake 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 worth $122,605,000 after buying an additional 86,427 shares during the last quarter. Cim LLC bought a new position in shares of CSW Industrials in the fourth quarter valued at approximately $668,000. Eagle Asset Management Inc. purchased a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $8,402,000. Finally, Congress Asset Management Co. MA lifted its holdings in CSW Industrials by 119.9% during the fourth quarter. Congress Asset Management Co. MA now owns 8,041 shares of the basic materials company’s stock worth $1,668,000 after acquiring an additional 4,385 shares during the period. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Stock Performance

Shares of CSWI stock opened at $268.69 on Thursday. CSW Industrials, Inc. has a 52 week low of $155.82 and a 52 week high of $274.00. The firm’s 50-day simple moving average is $254.65 and its two-hundred day simple moving average is $234.28. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 41.15, a P/E/G ratio of 2.15 and a beta of 0.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.56 and a current ratio of 2.86.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data on Thursday, May 23rd. The basic materials company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.86 by $0.18. CSW Industrials had a return on equity of 18.56% and a net margin of 12.82%. The business had revenue of $210.86 million for the quarter, compared to the consensus estimate of $204.70 million. As a group, equities analysts forecast that CSW Industrials, Inc. will post 8.22 earnings per share for the current year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $0.84 annualized dividend and a yield of 0.31%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.19. CSW Industrials’s dividend payout ratio (DPR) is 12.86%.

Insider Activity at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $257.13, for a total value of $257,130.00. Following the completion of the transaction, the chief executive officer now owns 55,579 shares in the company, valued at $14,291,028.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, CL King assumed coverage on CSW Industrials in a research note on Friday, June 21st. They issued a “buy” rating for the company.

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.