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

IFP Advisors Inc boosted its holdings in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 1,554.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,919 shares of the basic materials company's stock after buying 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 institutional investors have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in CSW Industrials by 117.6% in the 1st quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock worth $86,000 after buying an additional 160 shares in the last quarter. KBC Group NV increased its stake in CSW Industrials by 19.0% in the 1st quarter. KBC Group NV now owns 840 shares of the basic materials company's stock worth $245,000 after buying an additional 134 shares in the last quarter. Fifth Third Bancorp increased its stake in CSW Industrials by 9.3% in the 1st quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company's stock worth $117,000 after buying an additional 34 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in CSW Industrials by 13.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 60,449 shares of the basic materials company's stock worth $17,622,000 after buying an additional 7,348 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in CSW Industrials in the 4th quarter worth $18,197,000. Hedge funds and other institutional investors own 82.79% of the company's stock.

CSW Industrials Price Performance

Shares of CSW Industrials stock traded up $0.05 during trading on Friday, reaching $283.43. 104,203 shares of the stock traded hands, compared to its average volume of 131,295. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 33.70 and a beta of 0.88. CSW Industrials, Inc. has a 52-week low of $249.84 and a 52-week high of $436.50. The business has a fifty day simple moving average of $302.98 and a two-hundred day simple moving average of $310.98.

CSW Industrials (NYSE:CSW - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The basic materials company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.23 by $0.01. The company had revenue of $230.55 million during the quarter, compared to analyst estimates of $232.82 million. CSW Industrials had a return on equity of 14.46% and a net margin of 15.56%. During the same quarter last year, the business posted $2.04 earnings per share. On average, research 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 declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Friday, July 25th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.38%. CSW Industrials's dividend payout ratio is currently 12.84%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other CSW Industrials 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 value of $280,745.31. Following the completion of the sale, the senior vice president owned 13,434 shares of the company's stock, valued at $4,103,952.66. This trade represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 completion of the sale, the chief executive officer directly owned 63,522 shares of the company's stock, valued at approximately $18,733,908.24. The trade was a 1.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,109 shares of company stock valued at $1,897,421 over the last quarter. Corporate 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.