Neuberger Berman Group LLC Acquires 46,630 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Neuberger Berman Group LLC lifted its holdings in CSW Industrials, Inc. (NASDAQ:CSWIGet Rating) by 5.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 974,764 shares of the basic materials company’s stock after purchasing an additional 46,630 shares during the period. Neuberger Berman Group LLC owned 6.16% of CSW Industrials worth $114,623,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. US Bancorp DE grew its position in CSW Industrials by 14.7% during the first quarter. US Bancorp DE now owns 1,642 shares of the basic materials company’s stock worth $193,000 after buying an additional 210 shares in the last quarter. Laurel Wealth Advisors Inc. acquired a new stake in CSW Industrials during the first quarter valued at approximately $225,000. Westwood Holdings Group Inc. acquired a new stake in CSW Industrials during the first quarter valued at approximately $239,000. Dynamic Technology Lab Private Ltd acquired a new stake in CSW Industrials during the first quarter valued at approximately $300,000. Finally, Principal Financial Group Inc. boosted its holdings in CSW Industrials by 7.6% during the first quarter. Principal Financial Group Inc. now owns 2,720 shares of the basic materials company’s stock valued at $320,000 after purchasing an additional 193 shares in the last quarter. 78.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a report on Thursday. Barrington Research boosted their target price on CSW Industrials from $153.00 to $157.00 and gave the stock an “outperform” rating in a report on Monday, August 22nd.

Insider Buying and Selling

In related news, CEO Joseph B. Armes sold 6,073 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $120.44, for a total value of $731,432.12. Following the completion of the transaction, the chief executive officer now owns 66,123 shares in the company, valued at approximately $7,963,854.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CSW Industrials news, CEO Joseph B. Armes sold 2,000 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $142.72, for a total transaction of $285,440.00. Following the completion of the sale, the chief executive officer now owns 58,920 shares in the company, valued at approximately $8,409,062.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph B. Armes sold 6,073 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $120.44, for a total transaction of $731,432.12. Following the sale, the chief executive officer now owns 66,123 shares of the company’s stock, valued at approximately $7,963,854.12. The disclosure for this sale can be found here. Insiders sold 21,373 shares of company stock worth $2,765,038 in the last quarter. Insiders own 1.40% of the company’s stock.

CSW Industrials Stock Down 1.1 %

Shares of CSWI opened at $123.58 on Friday. The company has a market capitalization of $1.91 billion, a P/E ratio of 26.24 and a beta of 0.82. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.72 and a quick ratio of 1.39. CSW Industrials, Inc. has a one year low of $96.03 and a one year high of $145.50. The business’s 50 day simple moving average is $124.07 and its 200-day simple moving average is $114.55.

CSW Industrials (NASDAQ:CSWIGet Rating) last announced its earnings results on Friday, August 5th. The basic materials company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.37 by $0.51. CSW Industrials had a return on equity of 16.10% and a net margin of 11.16%. The business had revenue of $199.93 million for the quarter, compared to the consensus estimate of $180.23 million. As a group, sell-side analysts predict that CSW Industrials, Inc. will post 6.19 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, July 28th. CSW Industrials’s dividend payout ratio (DPR) is presently 14.44%.

About CSW Industrials

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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 cements, diffusers, grilles, registers, solvents, thread sealants, traps, and vents for use in HVAC/R, plumbing, general industrial, architecturally, and specified building products.

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

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