Bank of New York Mellon Corp Has $20.69 Million Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Bank of New York Mellon Corp raised its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 8.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,995 shares of the basic materials company’s stock after purchasing an additional 6,137 shares during the period. Bank of New York Mellon Corp’s holdings in CSW Industrials were worth $20,693,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Contravisory Investment Management Inc. grew its stake in shares of CSW Industrials by 48.1% in the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 38 shares in the last quarter. Andina Capital Management LLC grew its stake in CSW Industrials by 3.4% during the second quarter. Andina Capital Management LLC now owns 1,506 shares of the basic materials company’s stock worth $400,000 after buying an additional 49 shares in the last quarter. Azzad Asset Management Inc. ADV grew its stake in CSW Industrials by 1.6% during the first quarter. Azzad Asset Management Inc. ADV now owns 3,826 shares of the basic materials company’s stock worth $898,000 after buying an additional 59 shares in the last quarter. Fifth Third Bancorp grew its stake in CSW Industrials by 51.4% during the first quarter. Fifth Third Bancorp now owns 224 shares of the basic materials company’s stock worth $53,000 after buying an additional 76 shares in the last quarter. Finally, Van Hulzen Asset Management LLC grew its stake in CSW Industrials by 1.6% during the fourth quarter. Van Hulzen Asset Management LLC now owns 7,870 shares of the basic materials company’s stock worth $1,632,000 after buying an additional 126 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CSWI. CL King began coverage on shares of CSW Industrials in a research note on Friday, June 21st. They set a “buy” rating on the stock. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Monday, July 15th. The shares were 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 owns 53,579 shares of the company’s stock, valued at $15,312,342.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

CSW Industrials Trading Down 7.8 %

Shares of CSW Industrials stock opened at $292.01 on Friday. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 44.72, a PEG ratio of 2.67 and a beta of 0.77. The company has a quick ratio of 1.44, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. CSW Industrials, Inc. has a 12-month low of $167.27 and a 12-month high of $337.63. The firm’s 50-day moving average price is $299.23 and its two-hundred day moving average price is $262.57.

CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.29. The firm had revenue of $226.18 million during the quarter, compared to analysts’ expectations of $215.40 million. CSW Industrials had a net margin of 13.44% and a return on equity of 19.19%. During the same quarter in the prior year, the business earned $1.97 earnings per share. On average, analysts forecast that CSW Industrials, Inc. will post 8.45 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a $0.21 dividend. The ex-dividend date was Friday, July 26th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.29%. CSW Industrials’s dividend payout ratio (DPR) is currently 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.