Raymond James & Associates Sells 254 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Raymond James & Associates cut its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,650 shares of the basic materials company’s stock after selling 254 shares during the period. Raymond James & Associates owned about 0.16% of CSW Industrials worth $9,032,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of CSW Industrials by 2,518.2% during the 3rd quarter. Blue Trust Inc. now owns 288 shares of the basic materials company’s stock worth $106,000 after buying an additional 277 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of CSW Industrials during the third quarter valued at approximately $30,000. Creative Planning lifted its holdings in CSW Industrials by 38.2% during the third quarter. Creative Planning now owns 7,387 shares of the basic materials company’s stock worth $2,707,000 after acquiring an additional 2,041 shares during the period. USA Financial Formulas purchased a new position in CSW Industrials in the third quarter worth $119,000. Finally, Azzad Asset Management Inc. ADV grew its stake in CSW Industrials by 1.0% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 3,876 shares of the basic materials company’s stock valued at $1,420,000 after purchasing an additional 40 shares during the period. 82.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

CSW Industrials Stock Down 0.8 %

Shares of NASDAQ CSWI opened at $363.18 on Wednesday. The business has a 50-day simple moving average of $352.15 and a two-hundred day simple moving average of $297.26. CSW Industrials, Inc. has a 52 week low of $167.27 and a 52 week high of $398.80. The company has a market cap of $5.64 billion, a P/E ratio of 55.62, a P/E/G ratio of 2.99 and a beta of 0.77. The company has a quick ratio of 1.44, a current ratio of 2.73 and a debt-to-equity ratio of 0.18.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.29. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. The company had revenue of $226.18 million for the quarter, compared to the consensus estimate of $215.40 million. During the same quarter last year, the business posted $1.97 earnings per share. Research analysts anticipate that CSW Industrials, Inc. will post 8.42 earnings per share for the current fiscal 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 paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, October 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 0.26%. CSW Industrials’s dividend payout ratio (DPR) is 14.70%.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total value of $393,340.00. Following the completion of the sale, the chief executive officer now directly owns 51,698 shares of the company’s stock, valued at $20,334,891.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

About CSW Industrials

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.