Mawer Investment Management Ltd. Sells 4,447 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

by · The Markets Daily

Mawer Investment Management Ltd. decreased its holdings in CSW Industrials, Inc. (NASDAQ:CSWI – Free Report) by 22.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,504 shares of the basic materials company’s stock after selling 4,447 shares during the quarter. Mawer Investment Management Ltd.’s holdings in CSW Industrials were worth $3,216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CSWI. Fifth Third Bancorp bought a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $31,000. Cullen Frost Bankers Inc. acquired a new stake in shares of CSW Industrials in the 3rd quarter valued at $51,000. Huntington National Bank raised its position in shares of CSW Industrials by 1,722.7% during the third quarter. Huntington National Bank now owns 401 shares of the basic materials company’s stock worth $70,000 after acquiring an additional 379 shares during the last quarter. Simplex Trading LLC acquired a new position in shares of CSW Industrials during the fourth quarter valued at $93,000. Finally, Crewe Advisors LLC bought a new position in CSW Industrials in the third quarter valued at about $110,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Price Performance

Shares of CSWI stock opened at $247.63 on Friday. 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, Inc. has a 12 month low of $132.78 and a 12 month high of $252.14. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 39.75, a PEG ratio of 2.03 and a beta of 0.72. The stock has a 50-day moving average price of $236.13 and a 200 day moving average price of $212.94.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.34%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, April 25th. CSW Industrials’s payout ratio is 13.48%.

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $232.36, for a total transaction of $232,360.00. Following the completion of the sale, the chief executive officer now owns 50,997 shares of the company’s stock, valued at approximately $11,849,662.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Don Sullivan sold 7,826 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $230.90, for a total value of $1,807,023.40. Following the sale, the executive vice president now directly owns 28,956 shares in the company, valued at approximately $6,685,940.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $232.36, for a total transaction of $232,360.00. Following the transaction, the chief executive officer now directly owns 50,997 shares in the company, valued at approximately $11,849,662.92. The disclosure for this sale can be found here. Insiders have sold 10,826 shares of company stock worth $2,502,133 over the last ninety days. Company insiders own 1.30% of the company’s stock.

CSW Industrials Company Profile

(Free Report)

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.

See Also

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