Neuberger Berman Group LLC grew its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 12.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 885,773 shares of the basic materials company’s stock after purchasing an additional 99,079 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.06% of CSW Industrials worth $104,929,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Qube Research & Technologies Ltd bought a new position in shares of CSW Industrials in the second quarter valued at about $665,000. Liberty Wealth Management LLC grew its stake in shares of CSW Industrials by 11,824.0% in the second quarter. Liberty Wealth Management LLC now owns 8,943 shares of the basic materials company’s stock valued at $75,000 after acquiring an additional 8,868 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of CSW Industrials by 0.5% in the second quarter. Geode Capital Management LLC now owns 234,570 shares of the basic materials company’s stock valued at $27,787,000 after acquiring an additional 1,253 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of CSW Industrials by 1.5% in the second quarter. Vanguard Group Inc. now owns 765,150 shares of the basic materials company’s stock valued at $90,640,000 after acquiring an additional 11,185 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its stake in shares of CSW Industrials by 47.9% in the second quarter. Champlain Investment Partners LLC now owns 551,175 shares of the basic materials company’s stock valued at $65,292,000 after acquiring an additional 178,410 shares in the last quarter. 72.38% of the stock is currently owned by institutional investors.
Several equities analysts recently commented on CSWI shares. Barrington Research upped their price target on shares of CSW Industrials from $150.00 to $163.00 and gave the company an “outperform” rating in a research note on Friday, August 6th. Zacks Investment Research downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Wednesday, October 6th.
CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Wednesday, August 4th. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.30. The firm had revenue of $161.27 million for the quarter, compared to the consensus estimate of $137.99 million. CSW Industrials had a net margin of 9.88% and a return on equity of 16.03%. On average, sell-side analysts expect that CSW Industrials, Inc. will post 4.98 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 12th. Shareholders of record on Friday, October 29th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.45%. CSW Industrials’s payout ratio is 17.80%.
About CSW Industrials
CSW Industrials, Inc provides performance solutions to customers. It operates through the following segments: Industrial Products and Specialty Chemicals. The Industrial products segment manufactures specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration and application equipment.
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