Mountain Pacific Investment Advisers Inc. ID Raises Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Mountain Pacific Investment Advisers Inc. ID lifted its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 0.1% during the 4th quarter, HoldingsChannel reports. The firm owned 126,847 shares of the basic materials company’s stock after acquiring an additional 181 shares during the quarter. CSW Industrials accounts for about 1.6% of Mountain Pacific Investment Advisers Inc. ID’s investment portfolio, making the stock its 24th largest holding. Mountain Pacific Investment Advisers Inc. ID’s holdings in CSW Industrials were worth $26,309,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CSWI. Vanguard Group Inc. increased its stake in CSW Industrials by 1.9% during the third quarter. Vanguard Group Inc. now owns 854,363 shares of the basic materials company’s stock worth $149,719,000 after acquiring an additional 15,809 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in CSW Industrials by 81.5% during the 4th quarter. Conestoga Capital Advisors LLC now owns 398,680 shares of the basic materials company’s stock valued at $82,690,000 after buying an additional 178,962 shares during the period. Northern Trust Corp lifted its position in CSW Industrials by 14.1% in the third quarter. Northern Trust Corp now owns 192,084 shares of the basic materials company’s stock worth $33,661,000 after buying an additional 23,726 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in CSW Industrials by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 142,858 shares of the basic materials company’s stock worth $25,034,000 after buying an additional 3,182 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in CSW Industrials by 9.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,057 shares of the basic materials company’s stock valued at $21,740,000 after acquiring an additional 10,859 shares during the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the business’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 directly owns 50,997 shares of the company’s stock, valued at approximately $11,849,662.92. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Don Sullivan sold 7,826 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 28,956 shares in the company, valued at $6,685,940.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 50,997 shares of the company’s stock, valued at $11,849,662.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,826 shares of company stock valued at $2,502,133. 1.30% of the stock is currently owned by company insiders.

CSW Industrials Price Performance

CSW Industrials stock opened at $239.00 on Friday. CSW Industrials, Inc. has a 12-month low of $132.06 and a 12-month high of $243.30. The company has a current ratio of 2.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $233.19 and a 200-day moving average price of $207.90. The firm has a market capitalization of $3.71 billion, a PE ratio of 38.36, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

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

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.35%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, April 25th. CSW Industrials’s dividend payout ratio (DPR) is 12.20%.

CSW Industrials Company Profile

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.