Cadinha & Co. LLC Cuts Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Cadinha & Co. LLC decreased its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,283 shares of the basic materials company's stock after selling 650 shares during the quarter. Cadinha & Co. LLC's holdings in CSW Industrials were worth $1,511,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. State Street Corp grew its position in shares of CSW Industrials by 71.7% during the third quarter. State Street Corp now owns 612,696 shares of the basic materials company's stock worth $224,486,000 after buying an additional 255,849 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in CSW Industrials by 1.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company's stock worth $211,420,000 after acquiring an additional 9,781 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CSW Industrials by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company's stock valued at $142,536,000 after purchasing an additional 26,728 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of CSW Industrials in the 2nd quarter valued at approximately $65,595,000. Finally, Congress Asset Management Co. raised its holdings in shares of CSW Industrials by 3.8% in the 3rd quarter. Congress Asset Management Co. now owns 203,651 shares of the basic materials company's stock valued at $74,616,000 after purchasing an additional 7,405 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

Insider Buying and Selling at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total value of $70,930.00. Following the completion of the sale, the director now directly owns 13,719 shares of the company's stock, valued at approximately $4,865,443.35. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Luke Alverson sold 1,416 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $387.15, for a total value of $548,204.40. Following the transaction, the senior vice president now directly owns 17,156 shares in the company, valued at approximately $6,641,945.40. This represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,903 shares of company stock worth $3,777,538. 1.40% of the stock is owned by insiders.

CSW Industrials Price Performance

Shares of CSWI traded up $4.87 during midday trading on Friday, reaching $390.21. 125,303 shares of the stock were exchanged, compared to its average volume of 76,383. CSW Industrials, Inc. has a twelve month low of $203.83 and a twelve month high of $436.50. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 53.02 and a beta of 0.85. The business's 50-day moving average price is $388.48 and its 200 day moving average price is $353.54.

CSW Industrials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.25%. The ex-dividend date is Friday, January 31st. CSW Industrials's dividend payout ratio (DPR) is 13.04%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CSWI shares. Wells Fargo & Company dropped their target price on CSW Industrials from $425.00 to $410.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 17th. The Goldman Sachs Group cut their target price on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. StockNews.com upgraded CSW Industrials from a "hold" rating to a "buy" rating in a research note on Friday, December 6th. Finally, Citigroup dropped their price target on shares of CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $404.67.

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.