Louisiana State Employees Retirement System Takes $2.93 Million Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Louisiana State Employees Retirement System purchased a new position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,000 shares of the basic materials company's stock, valued at approximately $2,931,000. Louisiana State Employees Retirement System owned approximately 0.05% of CSW Industrials as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CSWI. Vanguard Group Inc. increased its position in shares of CSW Industrials by 39.1% during the first quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company's stock worth $284,745,000 after acquiring an additional 340,904 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in CSW Industrials by 2.7% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 567,256 shares of the basic materials company's stock worth $150,499,000 after purchasing an additional 14,900 shares in the last quarter. Capital World Investors raised its stake in shares of CSW Industrials by 956.8% in the first quarter. Capital World Investors now owns 376,573 shares of the basic materials company's stock worth $88,344,000 after purchasing an additional 340,939 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of CSW Industrials in the second quarter valued at approximately $65,595,000. Finally, Bank of New York Mellon Corp boosted its position in shares of CSW Industrials by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 77,995 shares of the basic materials company's stock valued at $20,693,000 after buying an additional 6,137 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 51,579 shares of the company's stock, valued at $17,607,523.23. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

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

CSW Industrials Stock Down 0.3 %

Shares of CSWI traded down $1.11 during trading hours on Monday, reaching $365.94. 114,279 shares of the stock traded hands, compared to its average volume of 128,963. CSW Industrials, Inc. has a 52 week low of $167.27 and a 52 week high of $398.80. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 56.20, a PEG ratio of 2.99 and a beta of 0.77. The stock has a fifty day simple moving average of $351.06 and a 200 day simple moving average of $296.36. The company has a current ratio of 2.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.18.

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

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 25th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Friday, October 25th. This is an increase from CSW Industrials's previous quarterly dividend of $0.21. CSW Industrials's dividend payout ratio is 14.70%.

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.