Envestnet Asset Management Inc. Has $17.62 Million Stock Holdings in CSW Industrials, Inc. (NYSE:CSW)

Envestnet Asset Management Inc. raised its position in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 13.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,449 shares of the basic materials company's stock after purchasing an additional 7,348 shares during the period. Envestnet Asset Management Inc. owned approximately 0.36% of CSW Industrials worth $17,622,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CSW. Versant Capital Management Inc increased its position in shares of CSW Industrials by 526.3% during the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock worth $35,000 after acquiring an additional 100 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in CSW Industrials by 49.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company's stock valued at $83,000 after purchasing an additional 76 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in CSW Industrials in the fourth quarter valued at $89,000. GAMMA Investing LLC grew its position in CSW Industrials by 117.6% in the first quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock valued at $86,000 after purchasing an additional 160 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in CSW Industrials by 9.3% in the first quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company's stock valued at $117,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 82.79% of the company's stock.

CSW Industrials Price Performance

CSW stock traded down $3.62 during trading hours on Friday, reaching $287.66. The stock had a trading volume of 270,466 shares, compared to its average volume of 120,057. The stock has a market capitalization of $4.83 billion, a PE ratio of 34.20 and a beta of 0.88. The stock has a 50-day simple moving average of $307.69 and a 200 day simple moving average of $313.75. CSW Industrials, Inc. has a fifty-two week low of $249.84 and a fifty-two week high of $436.50.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The basic materials company reported $2.24 EPS for the quarter, beating analysts' consensus estimates of $2.23 by $0.01. The firm had revenue of $230.55 million during the quarter, compared to analysts' expectations of $232.82 million. CSW Industrials had a net margin of 15.56% and a return on equity of 14.46%. During the same quarter last year, the company posted $2.04 earnings per share. On average, sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Friday, July 25th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.38%. CSW Industrials's dividend payout ratio is currently 12.84%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CSW. Wells Fargo & Company raised their target price on shares of CSW Industrials from $295.00 to $305.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Citigroup raised their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, CSW Industrials has an average rating of "Hold" and an average price target of $347.00.

Insider Transactions at CSW Industrials

In other news, SVP Luke Alverson sold 919 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $305.49, for a total transaction of $280,745.31. Following the completion of the sale, the senior vice president owned 13,434 shares in the company, valued at approximately $4,103,952.66. This trade represents a 6.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $294.92, for a total transaction of $294,920.00. Following the sale, the chief executive officer owned 63,522 shares of the company's stock, valued at approximately $18,733,908.24. This represents a 1.55% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,109 shares of company stock valued at $1,897,421. 1.40% of the stock is owned by company insiders.

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.