Bragg Financial Advisors Inc Sells 25,017 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Bragg Financial Advisors Inc trimmed its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 43.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,742 shares of the basic materials company's stock after selling 25,017 shares during the period. Bragg Financial Advisors Inc owned 0.20% of CSW Industrials worth $11,551,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Townsquare Capital LLC boosted its stake in CSW Industrials by 15.4% during the 4th quarter. Townsquare Capital LLC now owns 12,502 shares of the basic materials company's stock valued at $4,411,000 after purchasing an additional 1,667 shares during the period. Raymond James Financial Inc. acquired a new position in CSW Industrials during the 4th quarter valued at $18,197,000. Shelton Capital Management acquired a new stake in CSW Industrials in the 4th quarter worth $229,000. Legal & General Group Plc grew its position in CSW Industrials by 0.6% during the fourth quarter. Legal & General Group Plc now owns 47,295 shares of the basic materials company's stock worth $16,686,000 after buying an additional 268 shares in the last quarter. Finally, Invesco Ltd. increased its stake in CSW Industrials by 29.3% during the fourth quarter. Invesco Ltd. now owns 117,989 shares of the basic materials company's stock valued at $41,627,000 after acquiring an additional 26,770 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. StockNews.com downgraded CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Wells Fargo & Company reduced their target price on CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating for the company in a research report on Monday. Citigroup lowered their price target on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating on the stock in a report on Monday. The Goldman Sachs Group reduced their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Finally, Truist Financial started coverage on shares of CSW Industrials in a research report on Friday, February 14th. They set a "hold" rating and a $362.00 target price on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, CSW Industrials currently has an average rating of "Hold" and an average target price of $342.50.

Insider Activity

In related news, Director Robert M. Swartz sold 200 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $321.78, for a total transaction of $64,356.00. Following the completion of the sale, the director now directly owns 13,519 shares of the company's stock, valued at approximately $4,350,143.82. This represents a 1.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Luke Alverson sold 919 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $303.21, for a total transaction of $278,649.99. Following the completion of the transaction, the senior vice president now owns 14,353 shares of the company's stock, valued at $4,351,973.13. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,631 shares of company stock valued at $2,551,912. Company insiders own 1.40% of the company's stock.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI traded up $3.07 during midday trading on Friday, reaching $298.43. 68,468 shares of the company traded hands, compared to its average volume of 134,723. The stock's 50-day simple moving average is $296.26 and its 200-day simple moving average is $350.46. CSW Industrials, Inc. has a 12 month low of $231.09 and a 12 month high of $436.50. The firm has a market cap of $5.01 billion, a PE ratio of 35.65 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating analysts' consensus estimates 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 research analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a dividend of $0.27 per share. This is a boost from CSW Industrials's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Friday, April 25th. CSW Industrials's dividend payout ratio is 12.90%.

CSW Industrials 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.