Tributary Capital Management LLC Sells 10,573 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Tributary Capital Management LLC lessened its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 9.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,907 shares of the basic materials company’s stock after selling 10,573 shares during the period. CSW Industrials accounts for 1.8% of Tributary Capital Management LLC’s holdings, making the stock its 12th biggest position. Tributary Capital Management LLC’s holdings in CSW Industrials were worth $22,500,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in CSW Industrials in the 4th quarter valued at $31,000. Harbor Investment Advisory LLC bought a new stake in CSW Industrials in the 1st quarter valued at $58,000. Simplex Trading LLC bought a new stake in CSW Industrials in the 4th quarter valued at $93,000. Cullen Frost Bankers Inc. raised its stake in CSW Industrials by 103.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 595 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 303 shares during the period. Finally, Sandbox Financial Partners LLC bought a new position in CSW Industrials during the 4th quarter worth $207,000. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Stock Performance

CSWI stock traded down $1.76 during trading hours on Monday, hitting $263.55. 72,937 shares of the stock were exchanged, compared to its average volume of 98,119. The company has a current ratio of 2.86, a quick ratio of 1.56 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $4.09 billion, a P/E ratio of 40.36, a P/E/G ratio of 2.15 and a beta of 0.77. The company has a 50-day simple moving average of $253.47 and a two-hundred day simple moving average of $233.59. CSW Industrials, Inc. has a 12 month low of $155.82 and a 12 month high of $274.00.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data on Thursday, May 23rd. The basic materials company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.18. The firm had revenue of $210.86 million for the quarter, compared to analysts’ expectations of $204.70 million. CSW Industrials had a return on equity of 18.56% and a net margin of 12.82%. On average, analysts forecast that CSW Industrials, Inc. will post 8.22 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were given a dividend of $0.21 per share. 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 yield of 0.32%. CSW Industrials’s dividend payout ratio is currently 12.86%.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $257.13, for a total value of $257,130.00. Following the completion of the transaction, the chief executive officer now directly owns 55,579 shares in the company, valued at approximately $14,291,028.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, CL King began coverage on CSW Industrials in a research report on Friday, June 21st. They set a “buy” rating on the 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.