New York State Common Retirement Fund Boosts Stock Position in CSW Industrials, Inc. (NYSE:CSW)

New York State Common Retirement Fund raised its stake in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 215.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 17,405 shares of the basic materials company's stock after buying an additional 11,888 shares during the quarter. New York State Common Retirement Fund owned approximately 0.10% of CSW Industrials worth $5,074,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake 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 valued at $35,000 after buying an additional 100 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings 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 worth $83,000 after buying an additional 76 shares during the last quarter. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 160 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in CSW Industrials in the 4th quarter worth approximately $89,000. Finally, Fifth Third Bancorp lifted its holdings in shares of CSW Industrials by 9.3% during the first quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company's stock worth $117,000 after buying an additional 34 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors.

CSW Industrials Price Performance

NYSE CSW traded up $0.05 on Friday, reaching $283.43. The stock had a trading volume of 104,203 shares, compared to its average volume of 131,295. The company has a market cap of $4.76 billion, a P/E ratio of 33.70 and a beta of 0.88. CSW Industrials, Inc. has a 1-year low of $249.84 and a 1-year high of $436.50. The firm has a fifty day moving average of $302.98 and a two-hundred day moving average of $311.33.

CSW Industrials (NYSE:CSW - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.01. The business had revenue of $230.55 million for 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 period last year, the firm posted $2.04 earnings per share. Research analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Friday, July 25th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.38%. CSW Industrials's dividend payout ratio is currently 12.84%.

Insider Buying and Selling at CSW Industrials

In related news, EVP Don Sullivan sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $301.05, for a total transaction of $301,050.00. Following the transaction, the executive vice president owned 23,708 shares of the company's stock, valued at $7,137,293.40. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $301.38, for a total value of $60,276.00. Following the sale, the director owned 12,719 shares in the company, valued at $3,833,252.22. This trade represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,109 shares of company stock valued at $1,897,421 over the last ninety days. Insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company increased 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. Citigroup lifted their price objective on CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently 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.