CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Arizona State Retirement System

Arizona State Retirement System cut its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,346 shares of the basic materials company’s stock after selling 79 shares during the period. Arizona State Retirement System’s holdings in CSW Industrials were worth $901,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp acquired a new stake in shares of CSW Industrials in the 4th quarter worth $31,000. Cullen Frost Bankers Inc. acquired a new position in shares of CSW Industrials during the 3rd quarter valued at about $51,000. Tower Research Capital LLC TRC grew its holdings in shares of CSW Industrials by 23.8% in the third quarter. Tower Research Capital LLC TRC now owns 323 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 62 shares during the period. State of Wyoming grew its holdings in shares of CSW Industrials by 50.0% in the second quarter. State of Wyoming now owns 324 shares of the basic materials company’s stock valued at $54,000 after purchasing an additional 108 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of CSW Industrials in the second quarter valued at about $34,000. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Trading Down 0.3 %

Shares of CSWI opened at $234.66 on Wednesday. The company has a current ratio of 2.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. CSW Industrials, Inc. has a 12-month low of $132.06 and a 12-month high of $243.30. The firm has a 50-day moving average price of $231.40 and a 200 day moving average price of $204.56. The firm has a market capitalization of $3.64 billion, a P/E ratio of 37.67, a P/E/G ratio of 1.94 and a beta of 0.73.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.10). CSW Industrials had a net margin of 12.47% and a return on equity of 18.47%. The firm had revenue of $174.97 million during the quarter, compared to analysts’ expectations of $180.80 million. Sell-side analysts forecast that CSW Industrials, Inc. will post 6.83 EPS for the current year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be issued a $0.21 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.36%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.19. CSW Industrials’s dividend payout ratio is currently 12.20%.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $232.36, for a total value of $232,360.00. Following the completion of the sale, the chief executive officer now owns 50,997 shares of the company’s stock, valued at $11,849,662.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other CSW Industrials news, EVP Don Sullivan sold 7,826 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $230.90, for a total transaction of $1,807,023.40. Following the completion of the transaction, the executive vice president now owns 28,956 shares of the company’s stock, valued at $6,685,940.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $232.36, for a total transaction of $232,360.00. Following the transaction, the chief executive officer now directly owns 50,997 shares of the company’s stock, valued at approximately $11,849,662.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,826 shares of company stock valued at $2,269,443. 1.30% of the stock is owned by company insiders.

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.