CSW Industrials, Inc. (NASDAQ:CSWI) Shares Purchased by Creative Planning

Creative Planning increased its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 38.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,387 shares of the basic materials company’s stock after purchasing an additional 2,041 shares during the quarter. Creative Planning’s holdings in CSW Industrials were worth $2,707,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CSWI. USA Financial Formulas purchased a new position in shares of CSW Industrials during the 3rd quarter worth approximately $119,000. Azzad Asset Management Inc. ADV raised its position in CSW Industrials by 1.0% in the third quarter. Azzad Asset Management Inc. ADV now owns 3,876 shares of the basic materials company’s stock worth $1,420,000 after acquiring an additional 40 shares in the last quarter. GAMMA Investing LLC lifted its holdings in CSW Industrials by 105.9% in the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 36 shares during the period. Handelsbanken Fonder AB boosted its position in shares of CSW Industrials by 62.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 5,469 shares of the basic materials company’s stock worth $2,004,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of CSW Industrials during the 2nd quarter worth $1,592,000. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Price Performance

CSW Industrials stock opened at $367.05 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The firm’s 50-day simple moving average is $351.06 and its 200 day simple moving average is $295.93. CSW Industrials, Inc. has a 52 week low of $167.27 and a 52 week high of $398.80. The firm has a market capitalization of $5.70 billion, a PE ratio of 56.21, a P/E/G ratio of 2.99 and a beta of 0.77.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results 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. CSW Industrials had a net margin of 13.44% and a return on equity of 19.19%. The business had revenue of $226.18 million for the quarter, compared to analyst estimates of $215.40 million. During the same period in the prior year, the business earned $1.97 earnings per share. On average, equities research analysts predict that CSW Industrials, Inc. will post 8.42 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.26%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s dividend payout ratio (DPR) is presently 14.70%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other CSW Industrials 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 value of $393,340.00. Following the transaction, the chief executive officer now directly owns 51,698 shares in the company, valued at approximately $20,334,891.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by company insiders.

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.