Knights of Columbus Asset Advisors LLC Has $1.70 Million Stock Holdings in CSW Industrials, Inc. (NYSE:CSW)

Key Points

• Knights of Columbus Asset Advisors LLC reduced its holdings in CSW Industrials, Inc. by 27.7% in the first quarter, owning 5,841 shares worth approximately $1.70 million after selling 2,238 shares.
• Director Robert M. Swartz and EVP James E. Perry recently sold shares of CSW Industrials, with Swartz's sale representing a 1.52% decrease in ownership and Perry's a 0.57% decrease.
• CSW Industrials announced a quarterly dividend of $0.27, which will be paid on August 8th, reflecting an annualized yield of 0.38% and a payout ratio of 12.84%.

Knights of Columbus Asset Advisors LLC decreased its holdings in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 27.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,841 shares of the basic materials company's stock after selling 2,238 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in CSW Industrials were worth $1,703,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in 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 purchasing an additional 100 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of CSW Industrials during the first quarter worth $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 worth $83,000 after buying an additional 76 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of CSW Industrials during the fourth quarter worth $89,000. Finally, GAMMA Investing LLC lifted its holdings in shares of CSW Industrials by 117.6% during the first 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. Institutional investors and hedge funds own 82.79% of the company's stock.

Insider Buying and Selling

In related news, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $312.87, for a total value of $62,574.00. Following the transaction, the director owned 12,919 shares in the company, valued at approximately $4,041,967.53. This trade represents a 1.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James E. Perry sold 145 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $304.00, for a total value of $44,080.00. Following the completion of the transaction, the executive vice president owned 25,468 shares in the company, valued at $7,742,272. The trade was a 0.57% 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 in the last ninety days. Insiders own 1.40% of the company's stock.

CSW Industrials Stock Performance

Shares of NYSE CSW opened at $283.43 on Friday. CSW Industrials, Inc. has a 52 week low of $249.84 and a 52 week high of $436.50. The stock has a market capitalization of $4.76 billion, a P/E ratio of 33.70 and a beta of 0.88. The stock's fifty day moving average is $302.98 and its 200 day moving average is $311.33.

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

CSW Industrials Announces Dividend

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 dividend on an annualized basis and a dividend yield of 0.38%. CSW Industrials's payout ratio is currently 12.84%.

Analysts Set New Price Targets

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

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.

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