Swiss National Bank trimmed its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 3.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,749 shares of the basic materials company’s stock after selling 1,100 shares during the period. Swiss National Bank owned approximately 0.21% of CSW Industrials worth $3,879,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of CSWI. Janney Montgomery Scott LLC acquired a new position in CSW Industrials during the first quarter valued at $232,000. Victory Capital Management Inc. grew its stake in CSW Industrials by 48.9% in the first quarter. Victory Capital Management Inc. now owns 16,002 shares of the basic materials company’s stock valued at $2,160,000 after purchasing an additional 5,253 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in CSW Industrials by 5.5% in the first quarter. Envestnet Asset Management Inc. now owns 11,712 shares of the basic materials company’s stock valued at $1,581,000 after purchasing an additional 609 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of CSW Industrials during the 1st quarter worth about $222,000. Finally, BlackRock Inc. boosted its stake in shares of CSW Industrials by 2.4% during the 1st quarter. BlackRock Inc. now owns 1,006,225 shares of the basic materials company’s stock worth $135,840,000 after acquiring an additional 23,785 shares in the last quarter. 72.38% of the stock is currently owned by hedge funds and other institutional investors.
CSWI opened at $121.96 on Tuesday. The stock has a 50-day moving average of $125.23 and a 200-day moving average of $127.03. CSW Industrials, Inc. has a 52-week low of $73.07 and a 52-week high of $143.78. The company has a market cap of $1.92 billion, a PE ratio of 38.84 and a beta of 0.81. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.65.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 13th. Investors of record on Thursday, July 29th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, July 28th. This represents a $0.60 annualized dividend and a yield of 0.49%. CSW Industrials’s payout ratio is 17.80%.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded CSW Industrials from a “hold” rating to a “strong-buy” rating and set a $147.00 price target for the company in a research note on Tuesday, August 10th. Barrington Research upped their price target on CSW Industrials from $150.00 to $163.00 and gave the stock an “outperform” rating in a research note on Friday, August 6th.
In related news, CEO Joseph B. Armes sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 15th. The stock was sold at an average price of $113.87, for a total transaction of $227,740.00. Following the completion of the sale, the chief executive officer now owns 80,781 shares in the company, valued at approximately $9,198,532.47. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.
CSW Industrials Profile
CSW Industrials, Inc provides performance solutions to customers. It operates through the following segments: Industrial Products and Specialty Chemicals. The Industrial products segment manufactures specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration and application equipment.
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