CSW Industrials, Inc. (NASDAQ:CSWI) Stock Position Lifted by Wedbush Securities Inc.

Wedbush Securities Inc. raised its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 8.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,407 shares of the basic materials company’s stock after purchasing an additional 110 shares during the quarter. Wedbush Securities Inc.’s holdings in CSW Industrials were worth $373,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Quest Partners LLC acquired a new position in shares of CSW Industrials during the 2nd quarter valued at about $339,000. Los Angeles Capital Management LLC lifted its stake in shares of CSW Industrials by 97.3% in the second quarter. Los Angeles Capital Management LLC now owns 4,563 shares of the basic materials company’s stock worth $1,211,000 after buying an additional 2,250 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of CSW Industrials by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 4,349 shares of the basic materials company’s stock worth $1,154,000 after buying an additional 75 shares during the period. Rhumbline Advisers raised its holdings in CSW Industrials by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 22,918 shares of the basic materials company’s stock worth $6,080,000 after acquiring an additional 992 shares during the period. Finally, Natixis Advisors LLC bought a new position in CSW Industrials in the 2nd quarter worth $12,424,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CSWI shares. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. CL King began coverage on CSW Industrials in a research report on Friday, June 21st. They issued a “buy” rating for the company.

CSW Industrials Price Performance

NASDAQ:CSWI opened at $336.67 on Friday. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 51.56, a PEG ratio of 2.52 and a beta of 0.77. The company has a 50-day moving average of $305.68 and a 200-day moving average of $266.37. CSW Industrials, Inc. has a 52 week low of $167.27 and a 52 week high of $338.30. 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 (NASDAQ:CSWI) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.29. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. The company had revenue of $226.18 million during the quarter, compared to analysts’ expectations of $215.40 million. During the same period last year, the business earned $1.97 earnings per share. As a group, equities research analysts anticipate that CSW Industrials, Inc. will post 8.45 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given 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 0.25%. CSW Industrials’s payout ratio is 12.86%.

Insider Activity

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $285.79, for a total value of $285,790.00. Following the transaction, the chief executive officer now directly owns 53,579 shares in the company, valued at approximately $15,312,342.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.

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.