Everett Harris & Co. CA Decreases Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Everett Harris & Co. CA trimmed its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,460 shares of the basic materials company’s stock after selling 128 shares during the period. Everett Harris & Co. CA owned 0.12% of CSW Industrials worth $6,764,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its stake in shares of CSW Industrials by 2.0% in the second quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock worth $461,000 after buying an additional 34 shares in the last quarter. Xponance Inc. lifted its stake in shares of CSW Industrials by 3.7% in the second quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock worth $259,000 after buying an additional 35 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of CSW Industrials by 105.9% in the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after buying an additional 36 shares in the last quarter. Contravisory Investment Management Inc. lifted its stake in shares of CSW Industrials by 48.1% in the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after buying an additional 38 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its stake in shares of 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 buying an additional 40 shares in the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CSWI shares. CL King started coverage on shares of CSW Industrials in a research report on Friday, June 21st. They set a “buy” rating for the company. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th.

CSW Industrials Trading Up 0.1 %

CSW Industrials stock traded up $0.47 during midday trading on Friday, hitting $391.63. 78,302 shares of the stock were exchanged, compared to its average volume of 128,589. CSW Industrials, Inc. has a fifty-two week low of $167.27 and a fifty-two week high of $398.80. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 59.97, a PEG ratio of 2.99 and a beta of 0.77. The stock’s 50-day simple moving average is $343.87 and its 200 day simple moving average is $290.45. The company has a current ratio of 2.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.18.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings results 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 net margin of 13.44% and a return on equity of 19.19%. The company had revenue of $226.18 million during the quarter, compared to the consensus estimate of $215.40 million. During the same quarter in the previous year, the firm earned $1.97 earnings per share. On average, equities analysts anticipate 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. Investors of record on Friday, October 25th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a yield of 0.25%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s payout ratio is currently 14.70%.

Insider Buying and Selling

In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $341.37, for a total transaction of $341,370.00. Following the completion of the sale, the chief executive officer now owns 51,579 shares in the company, valued at approximately $17,607,523.23. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.

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.