Tributary Capital Management LLC Sells 2,311 Shares of CSW Industrials, Inc. (NYSE:CSW)

Tributary Capital Management LLC lowered its position in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 63,939 shares of the basic materials company's stock after selling 2,311 shares during the period. CSW Industrials accounts for about 1.6% of Tributary Capital Management LLC's holdings, making the stock its 26th biggest position. Tributary Capital Management LLC owned approximately 0.38% of CSW Industrials worth $18,640,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in shares of CSW Industrials by 526.3% in the first 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 in the last quarter. Whittier Trust Co. bought a new position in shares of CSW Industrials in the first quarter valued at approximately $59,000. CIBC Private Wealth Group LLC lifted its holdings in shares of 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 purchasing an additional 76 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 160 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of CSW Industrials in the fourth quarter valued at approximately $89,000. Institutional investors own 82.79% of the company's stock.

Insiders Place Their Bets

In other news, 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 completion of the transaction, the director directly owned 12,719 shares in the company, valued at approximately $3,833,252.22. The trade was a 1.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $294.92, for a total value of $294,920.00. Following the completion of the transaction, the chief executive officer owned 63,522 shares of the company's stock, valued at approximately $18,733,908.24. This trade represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,109 shares of company stock valued at $1,897,421. Company insiders own 1.40% of the company's stock.

CSW Industrials Stock Down 1.2%

CSW Industrials stock traded down $3.62 during mid-day trading on Friday, reaching $287.66. 270,466 shares of the company's stock were exchanged, compared to its average volume of 120,057. The business's fifty day simple moving average is $308.16 and its 200 day simple moving average is $314.20. CSW Industrials, Inc. has a one year low of $249.84 and a one year high of $436.50. The firm has a market capitalization of $4.83 billion, a PE ratio of 34.20 and a beta of 0.88.

CSW Industrials (NYSE:CSW - Get Free Report) last released its earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share (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 business had revenue of $230.55 million during the quarter, compared to the consensus estimate of $232.82 million. During the same period last year, the business posted $2.04 earnings per share. On average, sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders 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 0.38%. CSW Industrials's dividend payout ratio is currently 12.84%.

Analyst Ratings Changes

CSW has been the topic of a number of recent analyst reports. Citigroup lifted their price target 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 price target 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 research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.