SageView Advisory Group LLC Boosts Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

SageView Advisory Group LLC boosted its holdings in CSW Industrials, Inc. (NASDAQ:CSWIFree Report) by 123.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,902 shares of the basic materials company’s stock after purchasing an additional 9,877 shares during the period. SageView Advisory Group LLC owned about 0.12% of CSW Industrials worth $3,899,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. King Luther Capital Management Corp raised its holdings in CSW Industrials by 1.8% in the fourth quarter. King Luther Capital Management Corp now owns 30,801 shares of the basic materials company’s stock valued at $6,388,000 after acquiring an additional 540 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in CSW Industrials during the fourth quarter valued at about $1,267,000. Beacon Pointe Advisors LLC acquired a new stake in CSW Industrials during the 4th quarter worth about $2,683,000. Janney Montgomery Scott LLC lifted its stake in shares of CSW Industrials by 39.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,643 shares of the basic materials company’s stock valued at $548,000 after purchasing an additional 752 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in CSW Industrials by 26.8% during the 4th quarter. Principal Financial Group Inc. now owns 5,825 shares of the basic materials company’s stock worth $1,208,000 after acquiring an additional 1,231 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Price Performance

Shares of CSWI traded up $3.98 during mid-day trading on Friday, reaching $259.80. The company had a trading volume of 37,826 shares, compared to its average volume of 90,679. The company’s 50-day moving average is $238.54 and its 200-day moving average is $217.12. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.77 and a quick ratio of 1.40. The company has a market capitalization of $4.03 billion, a P/E ratio of 41.01, a P/E/G ratio of 2.03 and a beta of 0.72. CSW Industrials, Inc. has a twelve month low of $135.70 and a twelve month high of $262.83.

CSW Industrials (NASDAQ:CSWIGet Free Report) last posted its earnings results on Thursday, May 23rd. The basic materials company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.18. CSW Industrials had a net margin of 12.47% and a return on equity of 18.47%. The business had revenue of $210.86 million for the quarter, compared to analyst estimates of $204.70 million. On average, equities analysts anticipate that CSW Industrials, Inc. will post 6.83 EPS for the current year.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were issued a $0.21 dividend. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, April 25th. This represents a $0.84 annualized dividend and a dividend yield of 0.32%. CSW Industrials’s payout ratio is 13.48%.

Insider Transactions at CSW Industrials

In other CSW Industrials news, EVP Don Sullivan sold 7,826 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $230.90, for a total value of $1,807,023.40. Following the transaction, the executive vice president now directly owns 28,956 shares in the company, valued at $6,685,940.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $232.69, for a total value of $232,690.00. Following the completion of the transaction, the chief executive officer now directly owns 56,579 shares in the company, valued at approximately $13,165,367.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Don Sullivan sold 7,826 shares of CSW Industrials stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $230.90, for a total transaction of $1,807,023.40. Following the sale, the executive vice president now owns 28,956 shares in the company, valued at $6,685,940.40. The disclosure for this sale can be found here. Insiders sold 9,826 shares of company stock valued at $2,269,773 over the last three months. Company insiders own 1.30% of the company’s stock.

About CSW Industrials

(Free Report)

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

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