Janus Henderson Group PLC Trims Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Janus Henderson Group PLC reduced its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 17.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 235,615 shares of the basic materials company’s stock after selling 51,459 shares during the quarter. Janus Henderson Group PLC owned 1.52% of CSW Industrials worth $55,272,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Azzad Asset Management Inc. ADV increased its position in shares of CSW Industrials by 1.6% in the first quarter. Azzad Asset Management Inc. ADV now owns 3,826 shares of the basic materials company’s stock valued at $898,000 after buying an additional 59 shares in the last quarter. Fifth Third Bancorp increased its position in shares of CSW Industrials by 51.4% during the first quarter. Fifth Third Bancorp now owns 224 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 76 shares in the last quarter. Van Hulzen Asset Management LLC increased its position in shares of CSW Industrials by 1.6% during the fourth quarter. Van Hulzen Asset Management LLC now owns 7,870 shares of the basic materials company’s stock worth $1,632,000 after purchasing an additional 126 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of CSW Industrials by 2.3% during the fourth quarter. New York State Common Retirement Fund now owns 6,334 shares of the basic materials company’s stock worth $1,314,000 after purchasing an additional 143 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of CSW Industrials by 8.0% during the first quarter. US Bancorp DE now owns 2,330 shares of the basic materials company’s stock worth $547,000 after purchasing an additional 172 shares in the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $257.13, for a total transaction of $257,130.00. Following the completion of the transaction, the chief executive officer now directly owns 55,579 shares in the company, valued at approximately $14,291,028.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on CSWI. CL King began coverage on CSW Industrials in a research note on Friday, June 21st. They issued a “buy” rating for the company. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th.

CSW Industrials Trading Down 0.0 %

Shares of NASDAQ:CSWI traded down $0.09 during midday trading on Tuesday, reaching $299.65. 80,284 shares of the company’s stock were exchanged, compared to its average volume of 97,298. The firm’s 50 day simple moving average is $269.78 and its two-hundred day simple moving average is $244.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.86 and a quick ratio of 1.56. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 45.90, a P/E/G ratio of 2.44 and a beta of 0.77. CSW Industrials, Inc. has a fifty-two week low of $167.21 and a fifty-two week high of $304.20.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Thursday, May 23rd. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.18. The firm had revenue of $210.86 million during the quarter, compared to the consensus estimate of $204.70 million. CSW Industrials had a return on equity of 18.56% and a net margin of 12.82%. As a group, sell-side analysts forecast that CSW Industrials, Inc. will post 8.22 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 26th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Friday, July 26th. CSW Industrials’s dividend payout ratio (DPR) is 12.86%.

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.