Janney Montgomery Scott LLC Raises Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Janney Montgomery Scott LLC increased its position in CSW Industrials, Inc. (NASDAQ:CSWIFree Report) by 39.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,643 shares of the basic materials company’s stock after acquiring an additional 752 shares during the period. Janney Montgomery Scott LLC’s holdings in CSW Industrials were worth $548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in CSW Industrials by 1.9% in the 3rd 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 stake in CSW Industrials by 81.5% in the 4th quarter. Conestoga Capital Advisors LLC now owns 398,680 shares of the basic materials company’s stock worth $82,690,000 after acquiring an additional 178,962 shares during the last quarter. Northern Trust Corp raised its stake in shares of CSW Industrials by 14.1% during the 3rd quarter. Northern Trust Corp now owns 192,084 shares of the basic materials company’s stock valued at $33,661,000 after buying an additional 23,726 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of CSW Industrials by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 143,498 shares of the basic materials company’s stock valued at $29,763,000 after buying an additional 640 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of CSW Industrials by 1.2% during the 3rd quarter. Swiss National Bank now owns 34,149 shares of the basic materials company’s stock valued at $5,984,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Stock Performance

NASDAQ CSWI opened at $255.03 on Tuesday. The stock has a 50-day simple moving average of $241.94 and a two-hundred day simple moving average of $222.00. The firm has a market capitalization of $3.96 billion, a P/E ratio of 39.06, a PEG ratio of 2.08 and a beta of 0.77. CSW Industrials, Inc. has a fifty-two week low of $153.90 and a fifty-two week high of $263.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.56 and a current ratio of 2.86.

CSW Industrials (NASDAQ:CSWIGet Free Report) last released its quarterly earnings data on Thursday, May 23rd. The basic materials company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.18. The business had revenue of $210.86 million during the quarter, compared to analyst estimates of $204.70 million. CSW Industrials had a return on equity of 18.56% and a net margin of 12.82%. On average, equities analysts forecast that CSW Industrials, Inc. will post 8.13 earnings per share for the current year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, April 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.33%. CSW Industrials’s dividend payout ratio (DPR) is 12.86%.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $257.13, for a total transaction of $257,130.00. Following the sale, the chief executive officer now directly owns 55,579 shares in the company, valued at approximately $14,291,028.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Don Sullivan sold 7,826 shares of the firm’s stock in a transaction dated 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 directly owns 28,956 shares in the company, valued at approximately $6,685,940.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $257.13, for a total value of $257,130.00. Following the completion of the sale, the chief executive officer now owns 55,579 shares in the company, valued at $14,291,028.27. The disclosure for this sale can be found here. Insiders have sold 10,826 shares of company stock worth $2,526,903 in the last ninety days. Company insiders own 1.30% of the company’s stock.

CSW Industrials Company Profile

(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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