New Age Alpha Advisors LLC Takes $331,000 Position in CSW Industrials, Inc. (NASDAQ:CSWI)

New Age Alpha Advisors LLC acquired a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 937 shares of the basic materials company's stock, valued at approximately $331,000.

A number of other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of CSW Industrials by 7.4% during the third quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company's stock valued at $142,536,000 after acquiring an additional 26,728 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in CSW Industrials in the 4th quarter valued at approximately $18,197,000. The Manufacturers Life Insurance Company lifted its stake in CSW Industrials by 8.5% during the third quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company's stock worth $3,482,000 after purchasing an additional 744 shares in the last quarter. Blue Trust Inc. lifted its stake in CSW Industrials by 25.3% during the fourth quarter. Blue Trust Inc. now owns 361 shares of the basic materials company's stock worth $132,000 after purchasing an additional 73 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in shares of CSW Industrials by 5.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company's stock worth $291,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 82.79% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CSWI. StockNews.com lowered CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Wells Fargo & Company reduced their price target on shares of CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Truist Financial began coverage on shares of CSW Industrials in a report on Friday, February 14th. They issued a "hold" rating and a $362.00 price objective for the company. The Goldman Sachs Group decreased their price target on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Finally, Citigroup dropped their price target on shares of CSW Industrials from $466.00 to $404.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $379.00.

Remove Ads

Insider Transactions at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $378.32, for a total value of $378,320.00. Following the transaction, the chief executive officer now directly owns 48,848 shares in the company, valued at $18,480,175.36. This represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James E. Perry sold 145 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $307.77, for a total transaction of $44,626.65. Following the sale, the chief financial officer now owns 23,282 shares of the company's stock, valued at $7,165,501.14. This represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,534 shares of company stock valued at $3,133,640. Corporate insiders own 1.40% of the company's stock.

CSW Industrials Stock Down 2.4 %

CSW Industrials stock traded down $6.44 during trading on Friday, reaching $263.79. The stock had a trading volume of 205,147 shares, compared to its average volume of 131,978. CSW Industrials, Inc. has a 52-week low of $229.49 and a 52-week high of $436.50. The stock has a market cap of $4.43 billion, a PE ratio of 31.52 and a beta of 0.88. The business has a 50 day moving average price of $307.01 and a 200 day moving average price of $356.46.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. On average, equities analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.36%. CSW Industrials's payout ratio is currently 11.47%.

About CSW Industrials

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.