Heritage Wealth Management LLC Acquires 120 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Heritage Wealth Management LLC grew its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 18.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 773 shares of the basic materials company’s stock after acquiring an additional 120 shares during the period. Heritage Wealth Management LLC’s holdings in CSW Industrials were worth $99,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CSWI. Liberty Wealth Management LLC grew its stake in shares of CSW Industrials by 11,824.0% in the 2nd quarter. Liberty Wealth Management LLC now owns 8,943 shares of the basic materials company’s stock worth $75,000 after buying an additional 8,868 shares in the last quarter. Royal Bank of Canada lifted its holdings in CSW Industrials by 11.3% during the 2nd quarter. Royal Bank of Canada now owns 1,687 shares of the basic materials company’s stock valued at $200,000 after buying an additional 171 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in CSW Industrials during the 3rd quarter valued at about $203,000. Mraz Amerine & Associates Inc. bought a new stake in CSW Industrials during the 3rd quarter valued at about $204,000. Finally, Teacher Retirement System of Texas raised its holdings in shares of CSW Industrials by 17.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 1,953 shares of the basic materials company’s stock valued at $231,000 after purchasing an additional 289 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

NASDAQ:CSWI opened at $120.52 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.86. The company has a fifty day moving average of $125.71 and a two-hundred day moving average of $126.01. The stock has a market capitalization of $1.90 billion, a PE ratio of 37.90 and a beta of 0.80. CSW Industrials, Inc. has a fifty-two week low of $110.20 and a fifty-two week high of $145.50.

CSW Industrials (NASDAQ:CSWI) last released its earnings results on Wednesday, November 3rd. The basic materials company reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.34). CSW Industrials had a return on equity of 15.03% and a net margin of 9.26%. The business had revenue of $155.59 million for the quarter, compared to analysts’ expectations of $162.88 million. During the same period in the previous year, the company earned $1.10 EPS. Research analysts forecast that CSW Industrials, Inc. will post 4.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 11th. Investors of record on Monday, January 31st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Friday, January 28th. CSW Industrials’s dividend payout ratio is currently 18.87%.

A number of research analysts have recently issued reports on the stock. Barrington Research cut their price objective on shares of CSW Industrials from $163.00 to $153.00 and set an “outperform” rating on the stock in a research report on Thursday, November 4th. Zacks Investment Research raised shares of CSW Industrials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 4th.

In other news, CEO Joseph B. Armes sold 9,522 shares of the stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $138.69, for a total transaction of $1,320,606.18. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joseph B. Armes sold 2,000 shares of the stock in a transaction dated Monday, November 15th. The stock was sold at an average price of $140.31, for a total transaction of $280,620.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,465 shares of company stock valued at $2,723,000. 1.90% of the stock is currently owned by insiders.

CSW Industrials Company Profile

CSW Industrials, Inc provides performance solutions to customers. It operates through the following segments: Industrial Products and Specialty Chemicals. The Industrial products segment manufactures specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration and application equipment.

Further Reading: 52-Week Highs and Lows

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Institutional Ownership by Quarter for CSW Industrials (NASDAQ:CSWI)

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