Cibc World Markets Corp Takes $553,000 Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Cibc World Markets Corp purchased a new position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,567 shares of the basic materials company's stock, valued at approximately $553,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC increased its position in CSW Industrials by 2.5% in the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company's stock worth $472,000 after buying an additional 32 shares during the period. Atria Investments Inc grew its position in shares of CSW Industrials by 1.4% during the fourth quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company's stock worth $835,000 after acquiring an additional 32 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of CSW Industrials by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company's stock worth $1,388,000 after acquiring an additional 34 shares during the period. Morse Asset Management Inc lifted its position in CSW Industrials by 2.3% in the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company's stock valued at $594,000 after purchasing an additional 36 shares during the last quarter. Finally, OLD National Bancorp IN boosted its stake in CSW Industrials by 3.9% during the 4th quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company's stock valued at $346,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 82.79% of the company's stock.

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CSW Industrials Trading Down 2.3 %

Shares of NASDAQ CSWI traded down $7.04 during midday trading on Wednesday, reaching $299.76. The company's stock had a trading volume of 101,796 shares, compared to its average volume of 123,862. CSW Industrials, Inc. has a one year low of $225.83 and a one year high of $436.50. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 35.81 and a beta of 0.80. The company has a 50 day moving average price of $322.40 and a 200 day moving average price of $358.86.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released 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%. Research analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.32%. CSW Industrials's payout ratio is presently 11.47%.

Analyst Ratings Changes

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

Insider Activity 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 stock was sold at an average price of $354.65, for a total transaction of $70,930.00. Following the completion of the sale, the director now owns 13,719 shares in the company, valued at approximately $4,865,443.35. This represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Don Sullivan sold 1,800 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $377.58, for a total transaction of $679,644.00. Following the completion of the sale, the executive vice president now owns 29,004 shares of the company's stock, valued at $10,951,330.32. The trade was a 5.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,389 shares of company stock worth $3,104,831. 1.40% of the stock is owned by corporate insiders.

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.