Neuberger Berman Group LLC grew its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 12.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 885,773 shares of the basic materials company’s stock after acquiring an additional 99,079 shares during the period. Neuberger Berman Group LLC owned 5.63% of CSW Industrials worth $104,929,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Qube Research & Technologies Ltd bought a new position in shares of CSW Industrials in the second quarter worth about $665,000. Liberty Wealth Management LLC raised its stake in shares of CSW Industrials by 11,824.0% during the second quarter. Liberty Wealth Management LLC now owns 8,943 shares of the basic materials company’s stock worth $75,000 after buying an additional 8,868 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of CSW Industrials by 0.5% during the second quarter. Geode Capital Management LLC now owns 234,570 shares of the basic materials company’s stock worth $27,787,000 after buying an additional 1,253 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of CSW Industrials by 1.5% during the second quarter. Vanguard Group Inc. now owns 765,150 shares of the basic materials company’s stock worth $90,640,000 after buying an additional 11,185 shares during the last quarter. Finally, Champlain Investment Partners LLC raised its stake in shares of CSW Industrials by 47.9% during the second quarter. Champlain Investment Partners LLC now owns 551,175 shares of the basic materials company’s stock worth $65,292,000 after buying an additional 178,410 shares during the last quarter. 72.38% of the stock is owned by institutional investors.
CSWI has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Wednesday, October 6th. Barrington Research boosted their price target on shares of CSW Industrials from $150.00 to $163.00 and gave the stock an “outperform” rating in a research note on Friday, August 6th.
CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Wednesday, August 4th. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.30. The firm had revenue of $161.27 million during the quarter, compared to analysts’ expectations of $137.99 million. CSW Industrials had a net margin of 9.88% and a return on equity of 16.03%. Analysts predict that CSW Industrials, Inc. will post 4.98 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 12th. Investors of record on Friday, October 29th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Thursday, October 28th. CSW Industrials’s dividend payout ratio is currently 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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