Argent Capital Management LLC Buys New Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Argent Capital Management LLC purchased a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,009 shares of the basic materials company’s stock, valued at approximately $370,000.

Several other large investors also recently modified their holdings of CSWI. CANADA LIFE ASSURANCE Co boosted its holdings in shares of CSW Industrials by 272.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 7,344 shares of the basic materials company’s stock valued at $1,720,000 after acquiring an additional 5,372 shares during the last quarter. Congress Wealth Management LLC DE raised its position in CSW Industrials by 690.6% in the 1st quarter. Congress Wealth Management LLC DE now owns 28,905 shares of the basic materials company’s stock worth $6,781,000 after purchasing an additional 25,249 shares during the period. Capital World Investors raised its holdings in shares of CSW Industrials by 956.8% in the first quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock valued at $88,344,000 after acquiring an additional 340,939 shares in the last quarter. Vanguard Group Inc. lifted its position in CSW Industrials by 39.1% during the first quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock valued at $284,745,000 after acquiring an additional 340,904 shares during the last quarter. Finally, Daymark Wealth Partners LLC purchased a new stake in shares of CSW Industrials during the second quarter valued at $478,000. 82.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th.

Insiders Place Their Bets

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $341.37, for a total value of $341,370.00. Following the completion of the transaction, the chief executive officer now owns 51,579 shares in the company, valued at $17,607,523.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

CSW Industrials Stock Performance

Shares of CSWI stock traded down $5.08 during trading hours on Thursday, reaching $376.36. 20,339 shares of the company’s stock were exchanged, compared to its average volume of 127,604. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 1.44. The company’s 50 day moving average is $348.88 and its two-hundred day moving average is $294.15. CSW Industrials, Inc. has a 1 year low of $167.27 and a 1 year high of $398.80. The company has a market cap of $5.85 billion, a P/E ratio of 57.96, a price-to-earnings-growth ratio of 2.99 and a beta of 0.77.

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

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.26%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, October 25th. CSW Industrials’s dividend payout ratio (DPR) is 14.70%.

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.