Kayne Anderson Rudnick Investment Management LLC Buys New Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 247,240 shares of the basic materials company’s stock, valued at approximately $65,595,000. Kayne Anderson Rudnick Investment Management LLC owned 1.59% of CSW Industrials as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CSWI. Vanguard Group Inc. increased its stake in 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 valued at $284,745,000 after purchasing an additional 340,904 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of CSW Industrials by 17.1% in the 4th quarter. Wasatch Advisors LP now owns 591,126 shares of the basic materials company’s stock worth $122,605,000 after acquiring an additional 86,427 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in CSW Industrials by 2.7% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 567,256 shares of the basic materials company’s stock valued at $150,499,000 after acquiring an additional 14,900 shares in the last quarter. Capital World Investors boosted its stake in CSW Industrials by 956.8% during the 1st quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock valued at $88,344,000 after purchasing an additional 340,939 shares during the last quarter. Finally, Congress Asset Management Co. MA increased its holdings in CSW Industrials by 2,254.1% during the 1st quarter. Congress Asset Management Co. MA now owns 189,297 shares of the basic materials company’s stock worth $44,409,000 after purchasing an additional 181,256 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Stock Down 0.2 %

CSW Industrials stock opened at $358.56 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.73. The stock has a market cap of $5.57 billion, a PE ratio of 54.91, a price-to-earnings-growth ratio of 2.52 and a beta of 0.77. CSW Industrials, Inc. has a fifty-two week low of $167.27 and a fifty-two week high of $366.45. The firm’s 50-day simple moving average is $313.26 and its 200 day simple moving average is $270.85.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.29. The firm had revenue of $226.18 million for the quarter, compared to the consensus estimate of $215.40 million. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. During the same quarter in the previous year, the business earned $1.97 EPS. Research analysts predict that CSW Industrials, Inc. will post 8.45 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Friday, July 26th. CSW Industrials’s dividend payout ratio is presently 12.86%.

Wall Street Analyst Weigh In

CSWI has been the topic of several analyst reports. CL King initiated coverage on CSW Industrials in a research report on Friday, June 21st. They set a “buy” rating on the stock. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th.

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $341.37, for a total transaction of $341,370.00. Following the completion of the transaction, the chief executive officer now owns 51,579 shares in the company, valued at $17,607,523.23. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company 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.