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

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in 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. Whittier Trust Co. bought a new stake in CSW Industrials in the first quarter valued at approximately $59,000. CIBC Private Wealth Group LLC raised its stake 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 buying an additional 76 shares during the period. GAMMA Investing LLC raised its stake 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 buying an additional 160 shares during the period. Finally, Archer Investment Corp bought a new stake in CSW Industrials in the first quarter valued at approximately $87,000. 82.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CSW Industrials news, EVP Don Sullivan sold 1,000 shares of CSW Industrials stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $301.05, for a total transaction of $301,050.00. Following the completion of the transaction, the executive vice president owned 23,708 shares in the company, valued at approximately $7,137,293.40. The trade was a 4.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 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 sold a total of 6,109 shares of company stock worth $1,897,421 over the last three months. Insiders own 1.30% of the company's stock.

CSW Industrials Stock Performance

Shares of CSW traded down $1.82 during trading hours on Wednesday, reaching $276.06. The stock had a trading volume of 50,009 shares, compared to its average volume of 118,452. CSW Industrials, Inc. has a 12 month low of $249.84 and a 12 month high of $436.50. The stock has a market capitalization of $4.64 billion, a PE ratio of 32.83 and a beta of 0.88. The company's 50-day moving average is $301.17 and its two-hundred day moving average is $309.86.

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

CSW Industrials Dividend Announcement

The company also recently announced 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 yield of 0.39%. CSW Industrials's payout ratio is 12.84%.

Analyst Upgrades and Downgrades

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

About CSW Industrials

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.