Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI – Free Report) 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 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.
Get Our Latest Research Report on CSW Industrials
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.
See Also
- Five stocks we like better than CSW Industrials
- What Do S&P 500 Stocks Tell Investors About the Market?
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- Technology Stocks Explained: Here’s What to Know About Tech
- MarketBeat Week in Review – 9/16 – 9/20
- Why Invest in 5G? How to Invest in 5G Stocks
- Don’t Miss These 3 Retail Stocks for Fall Gains
Receive News & Ratings for CSW Industrials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSW Industrials and related companies with MarketBeat.com's FREE daily email newsletter.