Sanctuary Advisors LLC Takes Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Sanctuary Advisors LLC bought a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,378 shares of the basic materials company’s stock, valued at approximately $631,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Truist Financial Corp bought a new position in CSW Industrials during the 2nd quarter valued at approximately $203,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of CSW Industrials in the 2nd quarter worth approximately $1,061,000. Creative Planning raised its position in shares of CSW Industrials by 47.8% in the 2nd quarter. Creative Planning now owns 5,346 shares of the basic materials company’s stock worth $1,418,000 after acquiring an additional 1,729 shares in the last quarter. Algert Global LLC bought a new position in shares of CSW Industrials in the 2nd quarter worth approximately $415,000. Finally, Select Equity Group L.P. raised its position in shares of CSW Industrials by 38.0% in the 2nd quarter. Select Equity Group L.P. now owns 6,842 shares of the basic materials company’s stock worth $1,815,000 after acquiring an additional 1,885 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CSWI shares. CL King started coverage on CSW Industrials in a research report on Friday, June 21st. They issued a “buy” rating for the company. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th.

CSW Industrials Stock Performance

CSWI stock opened at $394.02 on Tuesday. The company has a market cap of $6.12 billion, a P/E ratio of 60.01, a price-to-earnings-growth ratio of 2.99 and a beta of 0.77. CSW Industrials, Inc. has a 1 year low of $167.27 and a 1 year high of $395.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 1.44. The stock’s fifty day moving average price is $334.97 and its 200-day moving average price is $285.65.

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

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 25th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, October 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.24%. CSW Industrials’s dividend payout ratio (DPR) is currently 14.70%.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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.