Tributary Capital Management LLC Sells 10,573 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Tributary Capital Management LLC lowered its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 9.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,907 shares of the basic materials company’s stock after selling 10,573 shares during the quarter. CSW Industrials comprises approximately 1.8% of Tributary Capital Management LLC’s holdings, making the stock its 12th largest holding. Tributary Capital Management LLC owned 0.62% of CSW Industrials worth $22,500,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Congress Wealth Management LLC DE boosted its stake in CSW Industrials by 690.6% during the first quarter. Congress Wealth Management LLC DE now owns 28,905 shares of the basic materials company’s stock worth $6,781,000 after buying an additional 25,249 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in CSW Industrials during the first quarter worth $58,000. Congress Asset Management Co. MA boosted its stake in CSW Industrials by 2,254.1% during the first quarter. Congress Asset Management Co. MA now owns 189,297 shares of the basic materials company’s stock worth $44,409,000 after buying an additional 181,256 shares in the last quarter. Park Avenue Securities LLC boosted its stake in CSW Industrials by 33.6% during the first quarter. Park Avenue Securities LLC now owns 2,038 shares of the basic materials company’s stock worth $478,000 after buying an additional 512 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in CSW Industrials by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 872,844 shares of the basic materials company’s stock worth $181,037,000 after buying an additional 18,481 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Price Performance

Shares of NASDAQ:CSWI traded down $1.76 on Monday, hitting $263.55. The stock had a trading volume of 72,937 shares, compared to its average volume of 98,119. CSW Industrials, Inc. has a twelve month low of $155.82 and a twelve month high of $274.00. 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 firm’s 50 day moving average price is $253.47 and its 200-day moving average price is $233.59. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 40.36, a price-to-earnings-growth ratio of 2.15 and a beta of 0.77.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Thursday, May 23rd. The basic materials company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.86 by $0.18. CSW Industrials had a net margin of 12.82% and a return on equity of 18.56%. The company had revenue of $210.86 million for the quarter, compared to the consensus estimate of $204.70 million. On average, equities research analysts predict that CSW Industrials, Inc. will post 8.22 earnings per share for the current year.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Thursday, April 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.19. CSW Industrials’s payout ratio is currently 12.86%.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $257.13, for a total value of $257,130.00. Following the completion of the transaction, the chief executive officer now directly owns 55,579 shares of the company’s stock, valued at $14,291,028.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, CL King initiated coverage on shares of CSW Industrials in a research note on Friday, June 21st. They set a “buy” rating on the stock.

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.