Alliancebernstein L.P. Cuts Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Alliancebernstein L.P. decreased its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 320,546 shares of the basic materials company's stock after selling 34,352 shares during the quarter. Alliancebernstein L.P. owned 1.91% of CSW Industrials worth $113,089,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised its holdings in CSW Industrials by 49.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company's stock worth $83,000 after purchasing an additional 76 shares during the period. Pictet Asset Management Holding SA raised its position in shares of CSW Industrials by 21.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,384 shares of the basic materials company's stock worth $841,000 after purchasing an additional 426 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of CSW Industrials during the 4th quarter valued at about $331,000. Norges Bank bought a new stake in CSW Industrials during the 4th quarter worth approximately $59,250,000. Finally, Loomis Sayles & Co. L P raised its holdings in CSW Industrials by 37.5% during the 4th quarter. Loomis Sayles & Co. L P now owns 96,031 shares of the basic materials company's stock worth $33,880,000 after buying an additional 26,189 shares during the period. Institutional investors own 82.79% of the company's stock.

CSW Industrials Stock Performance

Shares of CSW Industrials stock traded down $3.37 on Monday, reaching $260.42. 44,361 shares of the stock were exchanged, compared to its average volume of 131,641. The firm's 50 day moving average is $307.01 and its 200-day moving average is $356.46. The firm has a market cap of $4.37 billion, a PE ratio of 31.32 and a beta of 0.88. CSW Industrials, Inc. has a one year low of $229.49 and a one year high of $436.50.

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

CSW Industrials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 yield of 0.37%. CSW Industrials's payout ratio is presently 11.47%.

Insider Buying and Selling at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total value of $57,820.00. Following the completion of the sale, the director now owns 13,119 shares of the company's stock, valued at approximately $3,792,702.90. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the company's 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 completion of the sale, the chief executive officer now owns 48,848 shares in the company, valued at $18,480,175.36. The trade was a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,534 shares of company stock worth $3,133,640. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CSWI has been the topic of a number of research analyst reports. Truist Financial started coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 price objective on the stock. Wells Fargo & Company dropped their price objective on CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group reduced their target price on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Citigroup dropped their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Finally, StockNews.com downgraded shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Five 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, CSW Industrials has an average rating of "Hold" and an average price target of $379.00.

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.