CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP cut its position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 58.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,499 shares of the basic materials company's stock after selling 2,075 shares during the period. Bridgewater Associates LP's holdings in CSW Industrials were worth $529,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CSWI. Vanguard Group Inc. boosted its holdings in CSW Industrials by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company's stock worth $653,638,000 after buying an additional 29,488 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of CSW Industrials by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company's stock worth $138,983,000 after acquiring an additional 4,899 shares in the last quarter. Congress Asset Management Co. grew its position in shares of CSW Industrials by 1.2% during the 4th quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company's stock valued at $72,745,000 after acquiring an additional 2,544 shares during the period. Proficio Capital Partners LLC increased its stake in shares of CSW Industrials by 35,553.3% in the 4th quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock valued at $71,320,000 after purchasing an additional 201,587 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of CSW Industrials by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 175,131 shares of the basic materials company's stock worth $61,786,000 after buying an additional 6,762 shares during the period. Hedge funds and other institutional investors own 82.79% of the company's stock.

Insider Buying and Selling

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $289.97, for a total transaction of $289,970.00. Following the transaction, the chief executive officer now owns 46,848 shares in the company, valued at $13,584,514.56. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Luke Alverson sold 919 shares of CSW Industrials stock in a transaction 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 directly owns 14,353 shares in the company, valued at $4,351,973.13. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,631 shares of company stock worth $2,551,912 over the last 90 days. 1.40% of the stock is owned by insiders.

CSW Industrials Price Performance

Shares of CSWI stock traded up $10.65 on Thursday, hitting $314.86. The stock had a trading volume of 69,882 shares, compared to its average volume of 134,918. The firm has a market capitalization of $5.28 billion, a P/E ratio of 37.62 and a beta of 0.88. The company's 50 day moving average price is $294.62 and its 200-day moving average price is $348.55. CSW Industrials, Inc. has a 1 year low of $232.20 and a 1 year high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 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 forecast that CSW Industrials, Inc. will post 8.49 EPS 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 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Friday, April 25th. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's dividend payout ratio (DPR) is 12.90%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. The Goldman Sachs Group cut their price objective 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. Wells Fargo & Company cut their price objective on shares of CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Citigroup dropped their price target on CSW Industrials from $364.00 to $313.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Truist Financial assumed coverage on CSW Industrials in a research report on Friday, February 14th. They set a "hold" rating and a $362.00 price objective on the stock. Finally, StockNews.com lowered shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $342.50.

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.