Everett Harris & Co. CA Reduces Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Everett Harris & Co. CA decreased its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,648 shares of the basic materials company’s stock after selling 685 shares during the period. Everett Harris & Co. CA owned 0.13% of CSW Industrials worth $4,075,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CSWI. Morgan Stanley grew its stake in shares of CSW Industrials by 681.4% in the 4th quarter. Morgan Stanley now owns 499,560 shares of the basic materials company’s stock valued at $57,914,000 after buying an additional 435,627 shares during the period. Conestoga Capital Advisors LLC purchased a new stake in shares of CSW Industrials in the 3rd quarter valued at approximately $38,503,000. Silvercrest Asset Management Group LLC purchased a new stake in shares of CSW Industrials in the 1st quarter valued at approximately $9,642,000. BlackRock Inc. grew its stake in shares of CSW Industrials by 5.1% in the 2nd quarter. BlackRock Inc. now owns 1,041,018 shares of the basic materials company’s stock valued at $173,007,000 after buying an additional 50,102 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of CSW Industrials by 195.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 54,242 shares of the basic materials company’s stock valued at $9,505,000 after buying an additional 35,887 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Insider Buying and Selling

In related news, EVP Don Sullivan sold 7,826 shares of the stock in a transaction that occurred on 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 approximately $6,685,940.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CSW Industrials news, EVP Don Sullivan sold 7,826 shares of the stock in a transaction that occurred on 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 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 document filed with the SEC, which is available through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $230.06, for a total transaction of $230,060.00. Following the sale, the chief executive officer now owns 49,997 shares in the company, valued at $11,502,309.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,826 shares of company stock valued at $2,269,443. Company insiders own 1.30% of the company’s stock.

CSW Industrials Stock Performance

NASDAQ:CSWI opened at $234.60 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 2.77. The stock has a market capitalization of $3.64 billion, a P/E ratio of 37.66, a PEG ratio of 2.23 and a beta of 0.73. The company has a 50 day moving average price of $226.42 and a 200 day moving average price of $199.50. CSW Industrials, Inc. has a fifty-two week low of $131.09 and a fifty-two week high of $243.30.

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

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 26th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, January 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.32%. CSW Industrials’s payout ratio is currently 12.20%.

CSW Industrials 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.