ProShare Advisors LLC Sells 706 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

ProShare Advisors LLC cut its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 25.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,065 shares of the basic materials company’s stock after selling 706 shares during the period. ProShare Advisors LLC’s holdings in CSW Industrials were worth $548,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of CSW Industrials in the 2nd quarter worth about $65,595,000. Sei Investments Co. grew its holdings in CSW Industrials by 7.0% in the second quarter. Sei Investments Co. now owns 55,903 shares of the basic materials company’s stock worth $14,832,000 after purchasing an additional 3,654 shares during the period. XTX Topco Ltd bought a new position in shares of CSW Industrials during the second quarter valued at approximately $229,000. Hsbc Holdings PLC lifted its holdings in shares of CSW Industrials by 2.0% during the second quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock valued at $461,000 after purchasing an additional 34 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of CSW Industrials in the 2nd quarter worth approximately $343,000. Institutional investors own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

CSWI has been the subject of a number of analyst reports. CL King initiated coverage on CSW Industrials in a research report on Friday, June 21st. They set a “buy” rating for the company. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $341.37, for a total transaction of $341,370.00. Following the transaction, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by insiders.

CSW Industrials Stock Down 0.9 %

CSWI stock opened at $366.39 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 1.44. CSW Industrials, Inc. has a 1-year low of $167.27 and a 1-year high of $377.38. The stock has a market capitalization of $5.69 billion, a P/E ratio of 56.11, a P/E/G ratio of 2.87 and a beta of 0.77. The business has a fifty day moving average price of $320.95 and a 200-day moving average price of $275.83.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.29. CSW Industrials had a net margin of 13.44% and a return on equity of 19.19%. The firm had revenue of $226.18 million for the quarter, compared to the consensus estimate of $215.40 million. During the same quarter last year, the firm posted $1.97 EPS. Equities analysts forecast that CSW Industrials, Inc. will post 8.42 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.23%. The ex-dividend date was Friday, July 26th. CSW Industrials’s dividend payout ratio is currently 12.86%.

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.