New York Life Investment Management LLC bought a new stake in CSW Industrials, Inc. (NASDAQ:CSWI – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,471 shares of the basic materials company’s stock, valued at approximately $482,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. LPL Financial LLC increased its stake in CSW Industrials by 1.8% in the fourth quarter. LPL Financial LLC now owns 4,394 shares of the basic materials company’s stock valued at $509,000 after purchasing an additional 76 shares during the period. Pitcairn Co. raised its stake in CSW Industrials by 3.1% during the 1st quarter. Pitcairn Co. now owns 2,709 shares of the basic materials company’s stock valued at $376,000 after acquiring an additional 82 shares during the last quarter. Arizona State Retirement System lifted its position in CSW Industrials by 2.2% during the 4th quarter. Arizona State Retirement System now owns 4,135 shares of the basic materials company’s stock worth $479,000 after acquiring an additional 88 shares during the period. Royal Bank of Canada grew its stake in shares of CSW Industrials by 11.0% in the 3rd quarter. Royal Bank of Canada now owns 927 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 92 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of CSW Industrials by 5.8% in the first quarter. Janney Montgomery Scott LLC now owns 1,885 shares of the basic materials company’s stock valued at $262,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on CSW Industrials in a report on Thursday, May 18th. They set a “buy” rating for the company.
Insider Activity
In other news, SVP Luke Alverson sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $144.68, for a total value of $86,808.00. Following the completion of the sale, the senior vice president now directly owns 19,947 shares of the company’s stock, valued at approximately $2,885,931.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $144.58, for a total value of $144,580.00. Following the completion of the sale, the chief executive officer now owns 64,084 shares in the company, valued at $9,265,264.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Luke Alverson sold 600 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $144.68, for a total transaction of $86,808.00. Following the completion of the sale, the senior vice president now owns 19,947 shares of the company’s stock, valued at approximately $2,885,931.96. The disclosure for this sale can be found here. Insiders sold 15,254 shares of company stock valued at $2,694,436 in the last three months. 1.30% of the stock is currently owned by company insiders.
CSW Industrials Stock Up 0.1 %
Shares of NASDAQ:CSWI opened at $187.85 on Wednesday. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 29.86 and a beta of 0.82. CSW Industrials, Inc. has a fifty-two week low of $111.70 and a fifty-two week high of $188.93. The firm’s 50-day simple moving average is $168.89 and its 200-day simple moving average is $149.31. The company has a quick ratio of 1.52, a current ratio of 2.99 and a debt-to-equity ratio of 0.37.
CSW Industrials (NASDAQ:CSWI – Get Free Report) last announced its quarterly earnings data on Thursday, May 25th. The basic materials company reported $1.74 earnings per share for the quarter. The company had revenue of $195.69 million for the quarter. CSW Industrials had a return on equity of 18.88% and a net margin of 12.82%.
CSW Industrials Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Friday, July 28th were issued a $0.19 dividend. The ex-dividend date was Thursday, July 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.40%. CSW Industrials’s dividend payout ratio is currently 12.08%.
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.
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