CSW Industrials, Inc. (NASDAQ:CSWI) Stock Holdings Lessened by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 68.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 13,038 shares of the basic materials company's stock after selling 28,056 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.08% of CSW Industrials worth $4,600,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Captrust Financial Advisors increased its holdings in CSW Industrials by 11.5% in the 3rd quarter. Captrust Financial Advisors now owns 1,097 shares of the basic materials company's stock worth $402,000 after buying an additional 113 shares during the period. Verition Fund Management LLC acquired a new position in shares of CSW Industrials during the 3rd quarter worth about $237,000. HighTower Advisors LLC boosted its stake in shares of CSW Industrials by 1.4% in the third quarter. HighTower Advisors LLC now owns 3,524 shares of the basic materials company's stock worth $1,279,000 after acquiring an additional 47 shares during the last quarter. Morse Asset Management Inc boosted its position in CSW Industrials by 2.3% during the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company's stock worth $594,000 after acquiring an additional 36 shares during the last quarter. Finally, Stifel Financial Corp grew its position in shares of CSW Industrials by 14.7% in the third quarter. Stifel Financial Corp now owns 8,505 shares of the basic materials company's stock valued at $3,116,000 after purchasing an additional 1,093 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

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CSW Industrials Price Performance

CSWI traded up $18.61 during trading on Friday, hitting $300.61. The company's stock had a trading volume of 144,092 shares, compared to its average volume of 133,912. The firm's 50 day moving average price is $298.55 and its 200-day moving average price is $352.31. CSW Industrials, Inc. has a twelve month low of $229.49 and a twelve month high of $436.50. The stock has a market cap of $5.05 billion, a PE ratio of 35.92 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. Equities analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.36%. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's payout ratio is presently 12.90%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total transaction of $57,820.00. Following the completion of the transaction, the director now owns 13,119 shares in the company, valued at $3,792,702.90. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Luke Alverson sold 1,522 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $358.16, for a total value of $545,119.52. Following the completion of the sale, the senior vice president now owns 15,634 shares in the company, valued at approximately $5,599,473.44. This represents a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,534 shares of company stock valued at $3,133,640 in the last three months. Corporate insiders own 1.40% of the company's 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.