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

Congress Asset Management Co. increased its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,651 shares of the basic materials company’s stock after purchasing an additional 7,405 shares during the period. Congress Asset Management Co. owned approximately 1.31% of CSW Industrials worth $74,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital World Investors grew its holdings in CSW Industrials by 956.8% during the first quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock worth $88,344,000 after acquiring an additional 340,939 shares during the period. Vanguard Group Inc. grew its stake in shares of CSW Industrials by 39.1% during the 1st quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock worth $284,745,000 after purchasing an additional 340,904 shares during the period. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of CSW Industrials during the 2nd quarter valued at approximately $65,595,000. Natixis Advisors LLC purchased a new position in shares of CSW Industrials during the 2nd quarter valued at approximately $12,424,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of CSW Industrials by 162.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 55,626 shares of the basic materials company’s stock valued at $20,381,000 after purchasing an additional 34,427 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

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 on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total transaction of $393,340.00. Following the transaction, the chief executive officer now owns 51,698 shares of the company’s stock, valued at approximately $20,334,891.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.40% of the stock is owned by corporate insiders.

CSW Industrials Price Performance

Shares of CSW Industrials stock traded down $0.49 on Thursday, reaching $359.60. The company’s stock had a trading volume of 19,775 shares, compared to its average volume of 129,067. CSW Industrials, Inc. has a 52-week low of $167.27 and a 52-week high of $398.80. The company has a market capitalization of $5.59 billion, a P/E ratio of 55.14, a PEG ratio of 2.99 and a beta of 0.77. The company has a quick ratio of 1.44, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $354.14 and a 200-day moving average price of $298.59.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $217.95 million. Analysts expect that CSW Industrials, Inc. will post 8.42 EPS for the current year.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, October 25th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.27%. CSW Industrials’s payout ratio is presently 14.70%.

Wall Street Analyst Weigh In

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

CSW Industrials Company 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.