Morse Asset Management Inc Buys 85 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Morse Asset Management Inc raised its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 5.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,585 shares of the basic materials company’s stock after purchasing an additional 85 shares during the period. Morse Asset Management Inc’s holdings in CSW Industrials were worth $421,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hsbc Holdings PLC increased its position in CSW Industrials by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock valued at $461,000 after buying an additional 34 shares in the last quarter. Xponance Inc. increased its holdings in shares of CSW Industrials by 3.7% during the second quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock valued at $259,000 after acquiring an additional 35 shares in the last quarter. Contravisory Investment Management Inc. raised its position in shares of CSW Industrials by 48.1% during the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 38 shares during the period. Andina Capital Management LLC raised its position in shares of CSW Industrials by 3.4% during the second quarter. Andina Capital Management LLC now owns 1,506 shares of the basic materials company’s stock worth $400,000 after purchasing an additional 49 shares during the period. Finally, Azzad Asset Management Inc. ADV lifted its holdings in shares of CSW Industrials by 1.6% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 3,826 shares of the basic materials company’s stock worth $898,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. CL King assumed coverage on shares of CSW Industrials in a research note on Friday, June 21st. They set a “buy” rating for the company. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th.

CSW Industrials Stock Performance

Shares of CSWI opened at $358.56 on Monday. The firm has a market capitalization of $5.57 billion, a P/E ratio of 54.91, a P/E/G ratio of 2.52 and a beta of 0.77. CSW Industrials, Inc. has a 52 week low of $167.27 and a 52 week high of $366.45. The stock has a 50 day moving average price of $313.26 and a two-hundred day moving average price of $271.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.73.

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

CSW Industrials Dividend Announcement

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

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $341.37, for a total value of $341,370.00. Following the completion of the sale, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by insiders.

CSW Industrials 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.