Creative Planning Grows Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Creative Planning raised its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 38.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,387 shares of the basic materials company’s stock after purchasing an additional 2,041 shares during the quarter. Creative Planning’s holdings in CSW Industrials were worth $2,707,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CSWI. Vanguard Group Inc. increased its holdings in shares of CSW Industrials by 2.2% during the 4th 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 during the last quarter. Park Avenue Securities LLC raised its holdings in shares of CSW Industrials by 33.6% in the 1st quarter. Park Avenue Securities LLC now owns 2,038 shares of the basic materials company’s stock worth $478,000 after purchasing an additional 512 shares during the period. Congress Wealth Management LLC DE lifted its stake in shares of CSW Industrials by 690.6% in the 1st quarter. Congress Wealth Management LLC DE now owns 28,905 shares of the basic materials company’s stock valued at $6,781,000 after purchasing an additional 25,249 shares in the last quarter. Azzad Asset Management Inc. ADV grew its holdings in shares of CSW Industrials by 1.6% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 3,826 shares of the basic materials company’s stock worth $898,000 after purchasing an additional 59 shares during the period. Finally, Norden Group LLC purchased a new stake in shares of CSW Industrials during the 1st quarter worth about $351,000. Hedge funds and other 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 report on Tuesday, September 17th.

Insider Transactions at CSW Industrials

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

CSW Industrials Stock Up 0.6 %

Shares of CSW Industrials stock opened at $367.05 on Friday. CSW Industrials, Inc. has a twelve month low of $167.27 and a twelve month high of $398.80. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 56.21, a price-to-earnings-growth 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. The company has a fifty day moving average price of $351.06 and a 200 day moving average price of $295.93.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.29. The company had revenue of $226.18 million during the quarter, compared to the consensus estimate of $215.40 million. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. During the same quarter in the prior year, the business earned $1.97 earnings per share. Equities research analysts forecast that CSW Industrials, Inc. will post 8.42 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 25th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.26%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s dividend payout ratio (DPR) is currently 14.70%.

About CSW Industrials

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.