State of New Jersey Common Pension Fund D Cuts Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

State of New Jersey Common Pension Fund D decreased its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 39.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,257 shares of the basic materials company’s stock after selling 4,821 shares during the period. State of New Jersey Common Pension Fund D’s holdings in CSW Industrials were worth $1,925,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Van Hulzen Asset Management LLC grew its holdings in shares of CSW Industrials by 3.8% in the second quarter. Van Hulzen Asset Management LLC now owns 9,058 shares of the basic materials company’s stock valued at $2,403,000 after acquiring an additional 328 shares in the last quarter. Wedbush Securities Inc. grew its stake in CSW Industrials by 8.5% in the 2nd quarter. Wedbush Securities Inc. now owns 1,407 shares of the basic materials company’s stock valued at $373,000 after purchasing an additional 110 shares during the period. Quest Partners LLC purchased a new stake in shares of CSW Industrials during the 2nd quarter valued at $339,000. Los Angeles Capital Management LLC raised its stake in shares of CSW Industrials by 97.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 4,563 shares of the basic materials company’s stock worth $1,211,000 after purchasing an additional 2,250 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of CSW Industrials by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 4,349 shares of the basic materials company’s stock worth $1,154,000 after buying an additional 75 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $341.37, for a total transaction of $341,370.00. Following the sale, 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 at this hyperlink. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

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

CSW Industrials Stock Performance

Shares of CSWI opened at $358.56 on Friday. CSW Industrials, Inc. has a 1 year low of $167.27 and a 1 year high of $366.45. 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 $313.26 and its two-hundred day moving average price is $270.85. The firm has a market cap of $5.57 billion, a PE ratio of 54.91, a PEG ratio of 2.52 and a beta of 0.77.

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, beating the consensus estimate of $2.18 by $0.29. The business had revenue of $226.18 million for the quarter, compared to the consensus estimate of $215.40 million. CSW Industrials had a net margin of 13.44% and a return on equity of 19.19%. During the same period in the prior year, the firm earned $1.97 earnings per share. On average, equities research analysts forecast that CSW Industrials, Inc. will post 8.45 EPS for the current year.

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Friday, July 26th. CSW Industrials’s dividend payout ratio (DPR) is presently 12.86%.

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.