Fiera Capital Corp Purchases New Position in CSW Industrials, Inc. (NYSE:CSW)

Fiera Capital Corp bought a new position in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 47,186 shares of the basic materials company's stock, valued at approximately $13,756,000. Fiera Capital Corp owned 0.28% of CSW Industrials at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Versant Capital Management Inc raised its stake in CSW Industrials by 526.3% in the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock worth $35,000 after buying an additional 100 shares in the last quarter. Whittier Trust Co. bought a new position in shares of CSW Industrials in the 1st quarter worth about $59,000. CIBC Private Wealth Group LLC lifted its holdings in shares of CSW Industrials by 49.0% during 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 during the last quarter. GAMMA Investing LLC grew its stake in shares of CSW Industrials by 117.6% in the first quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock worth $86,000 after acquiring an additional 160 shares during the last quarter. Finally, Archer Investment Corp bought a new position in CSW Industrials in the 1st quarter worth about $87,000. 82.79% of the stock is owned by institutional investors.

CSW Industrials Stock Performance

Shares of CSW traded down $15.42 during mid-day trading on Friday, reaching $244.06. The stock had a trading volume of 252,774 shares, compared to its average volume of 141,927. The business has a fifty day moving average of $299.39 and a 200 day moving average of $308.84. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 29.16 and a beta of 0.91. CSW Industrials, Inc. has a 12 month low of $241.99 and a 12 month high of $436.50.

CSW Industrials (NYSE:CSW - Get Free Report) last issued its earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.23. The company had revenue of $263.65 million during the quarter, compared to the consensus estimate of $278.27 million. CSW Industrials had a net margin of 15.18% and a return on equity of 13.98%. On average, research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Friday, July 25th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. CSW Industrials's dividend payout ratio is presently 12.84%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CSW. Citigroup raised their price target 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. Wells Fargo & Company reduced their target price on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a report on Friday. Five analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $342.00.

Insider Buying and Selling

In related news, SVP Luke Alverson sold 919 shares of the firm's stock in a transaction on 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 transaction, the senior vice president directly owned 13,434 shares of the company's stock, valued at approximately $4,103,952.66. This trade represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP James E. Perry sold 145 shares of CSW Industrials stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $304.00, for a total transaction of $44,080.00. Following the completion of the sale, the executive vice president owned 25,468 shares in the company, valued at approximately $7,742,272. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,764 shares of company stock worth $1,789,481 in the last quarter. 1.30% of the stock is owned by insiders.

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.