IFP Advisors Inc Acquires 1,803 Shares of CSW Industrials, Inc. (NYSE:CSW)

IFP Advisors Inc grew its stake in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 1,554.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,919 shares of the basic materials company's stock after purchasing an additional 1,803 shares during the period. IFP Advisors Inc's holdings in CSW Industrials were worth $560,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in shares of CSW Industrials by 526.3% during the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. Whittier Trust Co. acquired a new stake in shares of CSW Industrials during the 1st quarter valued at about $59,000. CIBC Private Wealth Group LLC boosted its position in shares of CSW Industrials by 49.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company's stock valued at $83,000 after acquiring an additional 76 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of CSW Industrials during the 4th quarter valued at about $89,000. Finally, GAMMA Investing LLC boosted its position in shares of CSW Industrials by 117.6% during the 1st quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock valued at $86,000 after acquiring an additional 160 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Trading Up 0.2%

CSW stock traded up $0.56 during trading on Monday, hitting $284.08. 7,756 shares of the stock traded hands, compared to its average volume of 118,293. CSW Industrials, Inc. has a one year low of $249.84 and a one year high of $436.50. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 33.78 and a beta of 0.88. The company has a 50 day simple moving average of $302.98 and a 200 day simple moving average of $310.63.

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

CSW Industrials Dividend Announcement

The business also recently announced 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 dividend yield of 0.38%. CSW Industrials's dividend payout ratio is presently 12.84%.

Wall Street Analyst Weigh In

CSW has been the topic of several recent research reports. Citigroup lifted 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. Wells Fargo & Company lifted their price target on shares of CSW Industrials from $295.00 to $305.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $347.00.

Insider Buying and Selling

In related news, EVP Don Sullivan sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $332.16, for a total transaction of $498,240.00. Following the completion of the sale, the executive vice president directly owned 25,989 shares of the company's stock, valued at $8,632,506.24. The trade was a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP James E. Perry sold 145 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $304.00, for a total transaction of $44,080.00. Following the sale, the executive vice president directly owned 25,468 shares of the company's stock, valued at approximately $7,742,272. This trade represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,109 shares of company stock valued at $1,897,421. Insiders own 1.40% of the company's stock.

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.