Select Equity Group L.P. Raises Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Select Equity Group L.P. increased its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 38.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,842 shares of the basic materials company’s stock after buying an additional 1,885 shares during the period. Select Equity Group L.P.’s holdings in CSW Industrials were worth $1,815,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in CSW Industrials by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 8,759 shares of the basic materials company’s stock valued at $2,324,000 after purchasing an additional 378 shares in the last quarter. Dark Forest Capital Management LP lifted its position in shares of CSW Industrials by 208.9% during the second quarter. Dark Forest Capital Management LP now owns 4,671 shares of the basic materials company’s stock valued at $1,239,000 after buying an additional 3,159 shares during the last quarter. Daymark Wealth Partners LLC bought a new stake in shares of CSW Industrials in the 2nd quarter valued at about $478,000. Squarepoint Ops LLC purchased a new position in shares of CSW Industrials in the 2nd quarter worth approximately $2,147,000. Finally, Morse Asset Management Inc grew its position in shares of CSW Industrials by 5.7% in the 2nd quarter. Morse Asset Management Inc now owns 1,585 shares of the basic materials company’s stock worth $421,000 after buying an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Price Performance

Shares of NASDAQ CSWI opened at $369.72 on Friday. CSW Industrials, Inc. has a fifty-two week low of $167.27 and a fifty-two week high of $377.38. The company has a market cap of $5.74 billion, a PE ratio of 56.62, a P/E/G ratio of 2.87 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.73. The business has a 50-day simple moving average of $319.25 and a two-hundred day simple moving average of $274.26.

CSW Industrials (NASDAQ:CSWI) last released its earnings results 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. CSW Industrials had a net margin of 13.44% and a return on equity of 19.19%. 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 EPS. As a group, equities analysts expect that CSW Industrials, Inc. will post 8.42 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, July 26th. CSW Industrials’s dividend payout ratio (DPR) is presently 12.86%.

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $341.37, for a total transaction of $341,370.00. Following the sale, the chief executive officer now owns 51,579 shares in the company, valued at approximately $17,607,523.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. CL King began coverage on CSW Industrials in a report on Friday, June 21st. They set 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.