Envestnet Portfolio Solutions Inc. Trims Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Envestnet Portfolio Solutions Inc. trimmed its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 12.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,321 shares of the basic materials company’s stock after selling 183 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in CSW Industrials were worth $274,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Jump Financial LLC raised its stake in shares of CSW Industrials by 7.2% in the 4th quarter. Jump Financial LLC now owns 10,244 shares of the basic materials company’s stock valued at $2,125,000 after acquiring an additional 685 shares during the period. Van Hulzen Asset Management LLC increased its stake in CSW Industrials by 1.6% during the 4th quarter. Van Hulzen Asset Management LLC now owns 7,870 shares of the basic materials company’s stock worth $1,632,000 after buying an additional 126 shares during the period. Cullen Frost Bankers Inc. increased its stake in CSW Industrials by 103.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 595 shares of the basic materials company’s stock worth $123,000 after buying an additional 303 shares during the period. Charles Schwab Investment Management Inc. increased its stake in CSW Industrials by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 143,498 shares of the basic materials company’s stock worth $29,763,000 after buying an additional 640 shares during the period. Finally, Heritage Wealth Management LLC purchased a new stake in CSW Industrials during the 4th quarter worth approximately $254,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Price Performance

Shares of CSWI opened at $261.69 on Friday. CSW Industrials, Inc. has a fifty-two week low of $135.70 and a fifty-two week high of $262.83. The firm’s 50 day moving average price is $239.17 and its 200 day moving average price is $218.08. The company has a market cap of $4.06 billion, a P/E ratio of 40.08, a PEG ratio of 2.10 and a beta of 0.72. The company has a quick ratio of 1.40, a current ratio of 2.77 and a debt-to-equity ratio of 0.26.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings results on Thursday, May 23rd. The basic materials company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.86 by $0.18. CSW Industrials had a net margin of 12.82% and a return on equity of 18.86%. The company had revenue of $210.86 million during the quarter, compared to analysts’ expectations of $204.70 million. On average, research analysts forecast that CSW Industrials, Inc. will post 8.13 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were issued a $0.21 dividend. This is a boost from CSW Industrials’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $0.84 annualized dividend and a dividend yield of 0.32%. CSW Industrials’s dividend payout ratio is presently 12.86%.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $230.06, for a total value of $230,060.00. Following the completion of the transaction, the chief executive officer now owns 49,997 shares in the company, valued at approximately $11,502,309.82. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $230.06, for a total value of $230,060.00. Following the completion of the transaction, the chief executive officer now owns 49,997 shares in the company, valued at approximately $11,502,309.82. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Don Sullivan sold 7,826 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $230.90, for a total transaction of $1,807,023.40. Following the completion of the transaction, the executive vice president now owns 28,956 shares of the company’s stock, valued at approximately $6,685,940.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,826 shares of company stock worth $2,269,773. Corporate insiders own 1.30% of the company’s stock.

CSW Industrials Company 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.