CSW Industrials, Inc. (NASDAQ:CSWI) Shares Purchased by SageView Advisory Group LLC

SageView Advisory Group LLC raised its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 123.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,902 shares of the basic materials company’s stock after purchasing an additional 9,877 shares during the period. SageView Advisory Group LLC owned about 0.12% of CSW Industrials worth $3,899,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CSWI. Fifth Third Bancorp purchased a new position in shares of CSW Industrials during the fourth quarter valued at approximately $31,000. Simplex Trading LLC acquired a new stake in shares of CSW Industrials during the fourth quarter worth $93,000. Cullen Frost Bankers Inc. grew its position in shares of CSW Industrials by 103.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 595 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 303 shares during the period. Sandbox Financial Partners LLC acquired a new position in CSW Industrials in the fourth quarter valued at $207,000. Finally, Vaughan David Investments LLC IL purchased a new position in CSW Industrials during the fourth quarter worth about $207,000. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Stock Down 0.7 %

Shares of NASDAQ:CSWI opened at $263.39 on Monday. CSW Industrials, Inc. has a 12-month low of $155.82 and a 12-month high of $270.80. The stock’s 50-day moving average price is $246.76 and its two-hundred day moving average price is $227.34. The company has a current ratio of 2.86, a quick ratio of 1.56 and a debt-to-equity ratio of 0.27. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 40.34, a PEG ratio of 2.16 and a beta of 0.77.

CSW Industrials (NASDAQ:CSWI) last released its earnings results on Thursday, May 23rd. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.18. The firm had revenue of $210.86 million during the quarter, compared to the consensus estimate of $204.70 million. CSW Industrials had a net margin of 12.82% and a return on equity of 18.56%. On average, research analysts forecast that CSW Industrials, Inc. will post 8.13 EPS for the current year.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were given a $0.21 dividend. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend was Thursday, April 25th. CSW Industrials’s dividend payout ratio (DPR) is 12.86%.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $232.69, for a total transaction of $232,690.00. Following the transaction, the chief executive officer now owns 56,579 shares in the company, valued at approximately $13,165,367.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

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.