1,500 Shares in CSW Industrials, Inc. (NASDAQ:CSWI) Bought by Morse Asset Management Inc

Morse Asset Management Inc acquired a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 1,500 shares of the basic materials company’s stock, valued at approximately $352,000.

Other hedge funds also recently added to or reduced their stakes in the company. SageView Advisory Group LLC raised its position in CSW Industrials by 123.1% in the fourth quarter. SageView Advisory Group LLC now owns 17,902 shares of the basic materials company’s stock valued at $3,899,000 after purchasing an additional 9,877 shares during the period. Wasatch Advisors LP raised its position in CSW Industrials by 17.1% in the fourth quarter. Wasatch Advisors LP now owns 591,126 shares of the basic materials company’s stock valued at $122,605,000 after purchasing an additional 86,427 shares during the period. Congress Asset Management Co. MA raised its position in CSW Industrials by 2,254.1% in the first quarter. Congress Asset Management Co. MA now owns 189,297 shares of the basic materials company’s stock valued at $44,409,000 after purchasing an additional 181,256 shares during the period. Cim LLC purchased a new position in CSW Industrials in the fourth quarter valued at about $668,000. Finally, Eagle Asset Management Inc. purchased a new position in CSW Industrials in the fourth quarter valued at about $8,402,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on CSWI shares. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Thursday. CL King started coverage on CSW Industrials in a research report on Friday, June 21st. They set a “buy” rating on the stock.

Insider Buying and Selling

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $285.79, for a total value of $285,790.00. Following the completion of the transaction, the chief executive officer now directly owns 53,579 shares in the company, valued at $15,312,342.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

CSW Industrials Stock Up 3.2 %

Shares of NASDAQ CSWI traded up $9.36 during midday trading on Friday, reaching $300.87. 105,714 shares of the company’s stock were exchanged, compared to its average volume of 94,161. CSW Industrials, Inc. has a 52-week low of $167.21 and a 52-week high of $301.36. The stock has a market capitalization of $4.67 billion, a PE ratio of 46.08, a price-to-earnings-growth ratio of 2.44 and a beta of 0.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.56 and a current ratio of 2.86. The business’s fifty day moving average price is $268.77 and its two-hundred day moving average price is $243.94.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Thursday, May 23rd. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.18. CSW Industrials had a return on equity of 18.56% and a net margin of 12.82%. The business had revenue of $210.86 million for the quarter, compared to analyst estimates of $204.70 million. Analysts forecast that CSW Industrials, Inc. will post 8.22 EPS for the current year.

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 26th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Friday, July 26th. CSW Industrials’s payout ratio is 12.86%.

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.