CSW Industrials, Inc. (NASDAQ:CSWI) Shares Bought by Congress Asset Management Co.

Congress Asset Management Co. lifted its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 3.8% in the third quarter, HoldingsChannel.com reports. The firm owned 203,651 shares of the basic materials company’s stock after acquiring an additional 7,405 shares during the quarter. Congress Asset Management Co.’s holdings in CSW Industrials were worth $74,616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSWI. New York State Teachers Retirement System purchased a new position in CSW Industrials during the third quarter worth about $1,429,000. Andina Capital Management LLC lifted its holdings in shares of CSW Industrials by 3.5% in the 3rd quarter. Andina Capital Management LLC now owns 1,559 shares of the basic materials company’s stock worth $571,000 after acquiring an additional 53 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of CSW Industrials by 508.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 173 shares during the period. State of Alaska Department of Revenue acquired a new stake in CSW Industrials in the 3rd quarter valued at approximately $3,477,000. Finally, Louisiana State Employees Retirement System acquired a new stake in CSW Industrials in the 3rd quarter valued at approximately $2,931,000. 82.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 51,698 shares in the company, valued at approximately $20,334,891.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CSW Industrials Trading Down 0.1 %

CSW Industrials stock traded down $0.49 during midday trading on Thursday, reaching $359.60. 19,775 shares of the stock traded hands, compared to its average volume of 129,067. The company has a current ratio of 2.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.18. The firm has a market cap of $5.59 billion, a PE ratio of 55.14, a price-to-earnings-growth ratio of 2.99 and a beta of 0.77. The company has a 50-day simple moving average of $354.14 and a two-hundred day simple moving average of $298.59. CSW Industrials, Inc. has a 12-month low of $167.27 and a 12-month high of $398.80.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.07. CSW Industrials had a net margin of 13.44% and a return on equity of 19.19%. The firm had revenue of $227.93 million during the quarter, compared to analysts’ expectations of $217.95 million. Research analysts expect that CSW Industrials, Inc. will post 8.42 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 25th will be paid a $0.24 dividend. This is an increase 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 dividend yield of 0.27%. CSW Industrials’s payout ratio is 14.70%.

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.