SG Americas Securities LLC Has $264,000 Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

SG Americas Securities LLC trimmed its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 60.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 720 shares of the basic materials company’s stock after selling 1,111 shares during the quarter. SG Americas Securities LLC’s holdings in CSW Industrials were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in CSWI. Virtu Financial LLC acquired a new stake in shares of CSW Industrials during the 4th quarter valued at about $220,000. Vanguard Group Inc. lifted its holdings in shares of CSW Industrials by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 872,844 shares of the basic materials company’s stock valued at $181,037,000 after buying an additional 18,481 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of CSW Industrials by 33.6% during the 1st quarter. Park Avenue Securities LLC now owns 2,038 shares of the basic materials company’s stock valued at $478,000 after buying an additional 512 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of CSW Industrials during the 1st quarter valued at about $58,000. Finally, Congress Wealth Management LLC DE lifted its holdings in shares of CSW Industrials by 690.6% during the 1st quarter. Congress Wealth Management LLC DE now owns 28,905 shares of the basic materials company’s stock valued at $6,781,000 after buying an additional 25,249 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th.

CSW Industrials Stock Up 0.1 %

CSWI opened at $391.63 on Monday. The business has a 50 day moving average price of $343.87 and a 200 day moving average price of $291.31. CSW Industrials, Inc. has a twelve month low of $167.27 and a twelve month high of $398.80. 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 firm has a market cap of $6.08 billion, a P/E ratio of 59.97, a price-to-earnings-growth ratio of 2.99 and a beta of 0.77.

CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.29. The firm had revenue of $226.18 million during the quarter, compared to analyst estimates 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 in the previous year, the company earned $1.97 EPS. Research analysts forecast that CSW Industrials, Inc. will post 8.42 EPS 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 given a $0.24 dividend. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.25%. The ex-dividend date is Friday, October 25th. CSW Industrials’s payout ratio is currently 14.70%.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $341.37, for a total value of $341,370.00. Following the transaction, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at $17,607,523.23. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

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.