Conestoga Capital Advisors LLC Lowers Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Conestoga Capital Advisors LLC lessened its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 0.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 573,992 shares of the basic materials company's stock after selling 3,045 shares during the quarter. CSW Industrials comprises 2.7% of Conestoga Capital Advisors LLC's portfolio, making the stock its 12th largest holding. Conestoga Capital Advisors LLC owned approximately 3.41% of CSW Industrials worth $202,504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CSWI. Anchor Investment Management LLC grew its stake in CSW Industrials by 2.5% during the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company's stock valued at $472,000 after acquiring an additional 32 shares in the last quarter. GAMMA Investing LLC boosted its holdings in CSW Industrials by 105.9% in the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 36 shares during the period. Morse Asset Management Inc grew its position in shares of CSW Industrials by 2.3% during 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 in the last quarter. OLD National Bancorp IN grew its position in shares of 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 in the last quarter. Finally, Covestor Ltd increased its holdings in shares of CSW Industrials by 17.4% in the third quarter. Covestor Ltd now owns 263 shares of the basic materials company's stock worth $96,000 after purchasing an additional 39 shares during the period. 82.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total value of $70,930.00. Following the transaction, the director now directly owns 13,719 shares of the company's stock, valued at $4,865,443.35. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the sale, the chief executive officer now directly owns 49,698 shares of the company's stock, valued at $19,371,286.44. The trade was a 1.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,103 shares of company stock valued at $3,841,894 over the last three months. Insiders own 1.40% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wells Fargo & Company dropped their price objective on CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating for the company in a research note on Friday. StockNews.com downgraded CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday. The Goldman Sachs Group decreased their price objective 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, Citigroup dropped their target price on shares of CSW Industrials from $466.00 to $404.00 and set a "neutral" rating for the company in a research report on Monday, January 13th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $384.67.

CSW Industrials Stock Down 0.8 %

Shares of CSW Industrials stock traded down $2.47 during trading on Tuesday, hitting $319.85. 79,430 shares of the stock traded hands, compared to its average volume of 121,056. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 38.21 and a beta of 0.84. CSW Industrials, Inc. has a 52 week low of $216.61 and a 52 week high of $436.50. The firm's fifty day moving average is $373.98 and its 200-day moving average is $359.95.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued 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, analysts forecast that CSW Industrials, Inc. will post 8.22 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Friday, January 31st. CSW Industrials's payout ratio is presently 11.47%.

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.