Exchange Traded Concepts LLC Lowers Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Exchange Traded Concepts LLC lessened its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 88.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246 shares of the basic materials company’s stock after selling 1,803 shares during the period. Exchange Traded Concepts LLC’s holdings in CSW Industrials were worth $90,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of 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 during the last quarter. Conestoga Capital Advisors LLC boosted its stake in CSW Industrials by 2.7% in the second quarter. Conestoga Capital Advisors LLC now owns 567,256 shares of the basic materials company’s stock worth $150,499,000 after buying an additional 14,900 shares in the last quarter. Capital World Investors grew its position in CSW Industrials by 956.8% during the first quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock valued at $88,344,000 after acquiring an additional 340,939 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of CSW Industrials during the second quarter worth approximately $65,595,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of CSW Industrials by 8.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 77,995 shares of the basic materials company’s stock worth $20,693,000 after acquiring an additional 6,137 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total transaction of $393,340.00. Following the completion of the transaction, the chief executive officer now directly owns 51,698 shares of the company’s stock, valued at approximately $20,334,891.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

CSW Industrials Stock Down 0.7 %

CSWI opened at $389.85 on Wednesday. CSW Industrials, Inc. has a 12 month low of $167.27 and a 12 month high of $398.80. The company has a current ratio of 2.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average price is $347.39 and its 200-day moving average price is $293.53. The company has a market cap of $6.06 billion, a P/E ratio of 59.70, a P/E/G ratio of 2.99 and a beta of 0.77.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly 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 business 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 in the previous year, the firm earned $1.97 EPS. On average, equities analysts expect that CSW Industrials, Inc. will post 8.42 EPS for the current year.

CSW Industrials Increases Dividend

The company 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 dividend of $0.24 per share. The ex-dividend date is Friday, October 25th. This represents a $0.96 annualized dividend and a yield of 0.25%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s dividend payout ratio is presently 14.70%.

Wall Street Analysts Forecast Growth

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

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.