Silvercrest Asset Management Group LLC Boosts Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Silvercrest Asset Management Group LLC grew its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 0.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 68,619 shares of the basic materials company’s stock after purchasing an additional 96 shares during the period. Silvercrest Asset Management Group LLC’s holdings in CSW Industrials were worth $16,098,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of 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 buying an additional 340,904 shares during the last quarter. Wasatch Advisors LP boosted its holdings 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 worth $122,605,000 after purchasing an additional 86,427 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings in CSW Industrials by 38.5% in the first quarter. Conestoga Capital Advisors LLC now owns 552,356 shares of the basic materials company’s stock worth $129,583,000 after purchasing an additional 153,676 shares during the last quarter. Capital World Investors boosted its holdings in CSW Industrials by 956.8% in the first quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock worth $88,344,000 after purchasing an additional 340,939 shares during the last quarter. Finally, Congress Asset Management Co. MA boosted its holdings 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 worth $44,409,000 after purchasing an additional 181,256 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. CL King assumed coverage on shares of CSW Industrials in a report on Friday, June 21st. They issued a “buy” rating on the stock.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $285.79, for a total transaction of $285,790.00. Following the sale, the chief executive officer now directly owns 53,579 shares in the company, valued at approximately $15,312,342.41. The sale 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 Performance

Shares of CSW Industrials stock traded down $0.24 on Tuesday, hitting $299.50. 25,157 shares of the company’s stock were exchanged, compared to its average volume of 96,918. The company has a 50-day simple moving average of $269.78 and a 200-day simple moving average of $244.56. The stock has a market capitalization of $4.65 billion, a PE ratio of 45.90, a PEG ratio of 2.44 and a beta of 0.77. CSW Industrials, Inc. has a 1 year low of $167.21 and a 1 year high of $304.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.56 and a current ratio of 2.86.

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

CSW Industrials Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, July 26th. This represents a $0.84 annualized dividend and a dividend yield of 0.28%. CSW Industrials’s payout ratio is 12.86%.

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.