Congress Asset Management Co. Has $74.62 Million Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Congress Asset Management Co. lifted its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,651 shares of the basic materials company's stock after purchasing an additional 7,405 shares during the period. Congress Asset Management Co. owned about 1.31% of CSW Industrials worth $74,616,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of CSW Industrials by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 872,844 shares of the basic materials company's stock worth $181,037,000 after buying an additional 18,481 shares during the period. Azzad Asset Management Inc. ADV raised its position in CSW Industrials by 1.6% during the first quarter. Azzad Asset Management Inc. ADV now owns 3,826 shares of the basic materials company's stock worth $898,000 after acquiring an additional 59 shares in the last quarter. Norden Group LLC acquired a new position in shares of CSW Industrials in the first quarter valued at about $351,000. Principal Financial Group Inc. grew its stake in CSW Industrials by 11.7% during the first quarter. Principal Financial Group Inc. now owns 6,508 shares of the basic materials company's stock worth $1,527,000 after buying an additional 683 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in CSW Industrials by 12.1% in the 1st quarter. BNP Paribas Financial Markets now owns 17,499 shares of the basic materials company's stock valued at $4,105,000 after buying an additional 1,883 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total transaction of $393,340.00. Following the transaction, the chief executive officer now owns 51,698 shares in the company, valued at $20,334,891.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

CSW Industrials Price Performance

CSWI traded down $6.99 on Thursday, hitting $353.10. 145,135 shares of the company's stock traded hands, compared to its average volume of 129,621. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 53.91, a P/E/G ratio of 2.99 and a beta of 0.77. The company's 50 day simple moving average is $354.14 and its 200-day simple moving average is $298.59. 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, Inc. has a one year low of $167.27 and a one year high of $398.80.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.19 by $0.07. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. The company had revenue of $227.93 million for the quarter, compared to analyst estimates of $217.95 million. As a group, research analysts anticipate that CSW Industrials, Inc. will post 8.42 EPS for the current year.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be issued a $0.24 dividend. The ex-dividend date is Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.27%. This is a boost from CSW Industrials's previous quarterly dividend of $0.21. CSW Industrials's dividend payout ratio is currently 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.