Everence Capital Management Inc. Takes Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Everence Capital Management Inc. acquired a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) in the 3rd quarter, Holdings Channel reports. The fund acquired 1,210 shares of the basic materials company’s stock, valued at approximately $443,000.

Several other hedge funds have also recently added to or reduced their stakes in CSWI. GAMMA Investing LLC increased its position in CSW Industrials by 105.9% in the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after buying an additional 36 shares during the period. V Square Quantitative Management LLC bought a new position in CSW Industrials during the third quarter worth $30,000. Contravisory Investment Management Inc. raised its stake in CSW Industrials by 48.1% during the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 38 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in CSW Industrials in the 1st quarter valued at $58,000. Finally, Blue Trust Inc. grew its position in CSW Industrials by 2,518.2% in the 3rd quarter. Blue Trust Inc. now owns 288 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 277 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total transaction of $393,340.00. Following the completion of the transaction, the chief executive officer now owns 51,698 shares in the company, valued at $20,334,891.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

CSW Industrials Price Performance

Shares of NASDAQ:CSWI opened at $392.79 on Tuesday. The firm has a market capitalization of $6.10 billion, a PE ratio of 60.15, a PEG ratio of 2.99 and a beta of 0.77. The company has a current ratio of 2.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.18. CSW Industrials, Inc. has a 1-year low of $167.27 and a 1-year high of $398.80. The business’s 50 day moving average is $345.69 and its 200-day moving average is $292.45.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.29. The firm had revenue of $226.18 million for the quarter, compared to analyst estimates 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 previous year, the firm posted $1.97 EPS. Sell-side analysts predict that CSW Industrials, Inc. will post 8.42 earnings per share for the current year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 25th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.24%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, October 25th. CSW Industrials’s payout ratio is presently 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.