Xponance Inc. Grows Stake in CSW Industrials, Inc. (NYSE:CSW)

Xponance Inc. grew its position in shares of CSW Industrials, Inc. (NYSE:CSW) by 3.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,253 shares of the basic materials company’s stock after purchasing an additional 46 shares during the period. Xponance Inc.’s holdings in CSW Industrials were worth $365,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in CSW Industrials by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company’s stock worth $653,638,000 after acquiring an additional 29,488 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in CSW Industrials by 5.1% in the first quarter. Conestoga Capital Advisors LLC now owns 603,277 shares of the basic materials company’s stock worth $175,867,000 after acquiring an additional 29,285 shares in the last quarter. Geode Capital Management LLC grew its position in CSW Industrials by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company’s stock worth $138,983,000 after acquiring an additional 4,899 shares in the last quarter. Northern Trust Corp grew its position in CSW Industrials by 5.6% in the fourth quarter. Northern Trust Corp now owns 217,655 shares of the basic materials company’s stock worth $76,789,000 after acquiring an additional 11,465 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in CSW Industrials by 0.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 207,136 shares of the basic materials company’s stock valued at $73,079,000 after buying an additional 661 shares during the period. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other CSW Industrials news, EVP Don Sullivan sold 1,000 shares of CSW Industrials stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $301.05, for a total value of $301,050.00. Following the sale, the executive vice president directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $301.38, for a total transaction of $60,276.00. Following the completion of the sale, the director owned 12,719 shares in the company, valued at approximately $3,833,252.22. This 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 worth $1,897,421. 1.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on CSW. Citigroup upped their price target on shares of CSW Industrials from $313.00 to $321.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd. Wells Fargo & Company upped their price target on shares of 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 research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $347.00.

CSW Industrials Trading Down 1.2%

Shares of CSW stock opened at $287.66 on Friday. CSW Industrials, Inc. has a 12-month low of $249.84 and a 12-month high of $436.50. The firm’s 50 day moving average is $307.69 and its 200 day moving average is $313.75. The stock has a market capitalization of $4.84 billion, a P/E ratio of 34.20 and a beta of 0.88.

CSW Industrials (NYSE:CSW) last released its quarterly earnings results 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. The business had revenue of $230.55 million for the quarter, compared to the consensus estimate of $232.82 million. CSW Industrials had a net margin of 15.56% and a return on equity of 14.46%. During the same period last year, the firm earned $2.04 earnings per share. As a group, equities analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

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

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.