Assenagon Asset Management S.A. Has $20.38 Million Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Assenagon Asset Management S.A. increased its holdings in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 162.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,626 shares of the basic materials company's stock after buying an additional 34,427 shares during the quarter. Assenagon Asset Management S.A. owned about 0.36% of CSW Industrials worth $20,381,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CSWI. GAMMA Investing LLC increased its stake in CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company's stock valued at $26,000 after buying an additional 36 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of CSW Industrials during the 3rd quarter valued at $30,000. Contravisory Investment Management Inc. raised its stake in shares of CSW Industrials by 48.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company's stock worth $31,000 after buying an additional 38 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of CSW Industrials by 2,518.2% in the third quarter. Blue Trust Inc. now owns 288 shares of the basic materials company's stock valued at $106,000 after buying an additional 277 shares during the period. Finally, USA Financial Formulas bought a new position in CSW Industrials during the third quarter valued at about $119,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Price Performance

CSWI stock traded up $2.27 on Friday, hitting $367.05. 131,596 shares of the company's stock traded hands, compared to its average volume of 129,035. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 56.21, a P/E/G ratio of 2.99 and a beta of 0.77. CSW Industrials, Inc. has a 1-year low of $167.27 and a 1-year high of $398.80. The company has a current ratio of 2.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average of $351.06 and a 200-day moving average of $295.93.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.29. The company had revenue of $226.18 million for the quarter, compared to analysts' expectations of $215.40 million. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. During the same quarter in the prior year, the company earned $1.97 earnings per share. On average, analysts forecast that CSW Industrials, Inc. will post 8.42 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be given a $0.24 dividend. This is a positive change from CSW Industrials's previous quarterly dividend of $0.21. The ex-dividend date is Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.26%. CSW Industrials's dividend payout ratio (DPR) is 14.70%.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $341.37, for a total transaction of $341,370.00. Following the completion of the sale, the chief executive officer now directly owns 51,579 shares of the company's stock, valued at approximately $17,607,523.23. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Tuesday, September 17th.

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.