Wasatch Advisors LP Has $137.56 Million Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Wasatch Advisors LP lessened its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 0.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 586,360 shares of the basic materials company’s stock after selling 4,766 shares during the period. Wasatch Advisors LP owned 3.78% of CSW Industrials worth $137,560,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fifth Third Bancorp acquired a new stake in shares of CSW Industrials during the fourth quarter worth $31,000. Harbor Investment Advisory LLC acquired a new position in shares of CSW Industrials during the 1st quarter worth about $58,000. Simplex Trading LLC bought a new stake in shares of CSW Industrials in the 4th quarter valued at about $93,000. Cullen Frost Bankers Inc. increased its stake in shares of CSW Industrials by 103.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 595 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 303 shares during the last quarter. Finally, Sandbox Financial Partners LLC acquired a new stake in shares of CSW Industrials in the 4th quarter valued at approximately $207,000. Institutional investors own 82.79% of the company’s stock.

Insider Activity

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $257.13, for a total value of $257,130.00. Following the sale, the chief executive officer now owns 55,579 shares in the company, valued at approximately $14,291,028.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

CSW Industrials Trading Up 1.4 %

CSW Industrials stock traded up $3.81 during mid-day trading on Tuesday, hitting $267.36. 69,807 shares of the company’s stock were exchanged, compared to its average volume of 97,894. The company’s 50 day simple moving average is $254.03 and its 200-day simple moving average is $234.04. The company has a quick ratio of 1.56, a current ratio of 2.86 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $4.15 billion, a P/E ratio of 40.94, a PEG ratio of 2.15 and a beta of 0.77. CSW Industrials, Inc. has a fifty-two week low of $155.82 and a fifty-two week high of $274.00.

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

CSW Industrials Increases Dividend

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

Analysts Set New Price Targets

Separately, CL King began coverage on shares of CSW Industrials in a report on Friday, June 21st. They set a “buy” rating for the company.

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.