CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA trimmed its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,460 shares of the basic materials company’s stock after selling 128 shares during the quarter. Everett Harris & Co. CA’s holdings in CSW Industrials were worth $6,764,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CSWI. GAMMA Investing LLC increased its holdings in shares of CSW Industrials by 105.9% in the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 36 shares during the period. V Square Quantitative Management LLC acquired a new position in CSW Industrials in the 3rd quarter valued at $30,000. Contravisory Investment Management Inc. increased its stake in CSW Industrials by 48.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after buying an additional 38 shares during the period. Harbor Investment Advisory LLC acquired a new position in CSW Industrials in the 1st quarter valued at $58,000. Finally, Blue Trust Inc. increased its stake in CSW Industrials by 2,518.2% in the 3rd quarter. Blue Trust Inc. now owns 288 shares of the basic materials company’s stock valued at $106,000 after buying an additional 277 shares during the period. 82.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

CSW Industrials Price Performance

Shares of NASDAQ:CSWI traded up $0.47 on Friday, reaching $391.63. 78,302 shares of the company were exchanged, compared to its average volume of 128,589. The company has a current ratio of 2.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.18. CSW Industrials, Inc. has a 1-year low of $167.27 and a 1-year high of $398.80. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 59.97, a price-to-earnings-growth ratio of 2.99 and a beta of 0.77. The company has a 50-day moving average of $343.87 and a 200-day moving average of $290.45.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.18 by $0.29. CSW Industrials had a net margin of 13.44% and a return on equity of 19.19%. The business had revenue of $226.18 million for the quarter, compared to analyst estimates of $215.40 million. During the same period in the previous year, the firm earned $1.97 EPS. Equities analysts forecast that CSW Industrials, Inc. will post 8.42 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be given a $0.24 dividend. The ex-dividend date is Friday, October 25th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 0.25%. CSW Industrials’s payout ratio is currently 14.70%.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the 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 $20,334,891.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.40% of the company’s stock.

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.