Martingale Asset Management L P cut its holdings in CSW Industrials, Inc. (NASDAQ:CSWI – Get Rating) by 6.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,403 shares of the basic materials company’s stock after selling 300 shares during the period. Martingale Asset Management L P’s holdings in CSW Industrials were worth $454,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of CSW Industrials by 1.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,296,848 shares of the basic materials company’s stock valued at $133,613,000 after purchasing an additional 17,510 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in CSW Industrials by 5.0% during the first quarter. Neuberger Berman Group LLC now owns 974,764 shares of the basic materials company’s stock worth $114,623,000 after buying an additional 46,630 shares during the last quarter. Vanguard Group Inc. increased its holdings in CSW Industrials by 0.9% during the first quarter. Vanguard Group Inc. now owns 804,646 shares of the basic materials company’s stock worth $94,618,000 after buying an additional 7,331 shares during the last quarter. Capital International Investors increased its holdings in CSW Industrials by 3.0% during the first quarter. Capital International Investors now owns 428,108 shares of the basic materials company’s stock worth $50,341,000 after buying an additional 12,389 shares during the last quarter. Finally, Eaton Vance Management increased its holdings in CSW Industrials by 6.1% during the first quarter. Eaton Vance Management now owns 427,644 shares of the basic materials company’s stock worth $50,287,000 after buying an additional 24,604 shares during the last quarter. 78.61% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Joseph B. Armes sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $125.48, for a total value of $250,960.00. Following the completion of the sale, the chief executive officer now owns 56,920 shares of the company’s stock, valued at $7,142,321.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by company insiders.
CSW Industrials Price Performance
CSW Industrials (NASDAQ:CSWI – Get Rating) last announced its earnings results on Thursday, November 3rd. The basic materials company reported $1.57 earnings per share (EPS) for the quarter. The company had revenue of $191.19 million during the quarter. CSW Industrials had a net margin of 11.49% and a return on equity of 17.16%.
CSW Industrials Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, October 31st were given a $0.17 dividend. The ex-dividend date was Friday, October 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.58%. CSW Industrials’s payout ratio is presently 13.23%.
Analyst Ratings Changes
A number of brokerages recently weighed in on CSWI. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Monday, November 7th. Barrington Research boosted their target price on shares of CSW Industrials from $153.00 to $157.00 and gave the stock an “outperform” rating in a report on Monday, August 22nd.
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 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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