Congress Asset Management Co. Increases Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Congress Asset Management Co. increased its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 206,195 shares of the basic materials company's stock after buying an additional 2,544 shares during the quarter. Congress Asset Management Co. owned about 1.23% of CSW Industrials worth $72,745,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CSWI. GAMMA Investing LLC lifted its position in CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company's stock worth $26,000 after buying an additional 36 shares in the last quarter. National Bank of Canada FI purchased a new position in CSW Industrials during the third quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new position in CSW Industrials during the third quarter worth approximately $30,000. Peterson Financial Group Inc. acquired a new stake in CSW Industrials during the third quarter worth $72,000. Finally, Nisa Investment Advisors LLC increased its stake in CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company's stock worth $76,000 after acquiring an additional 173 shares during the last quarter. 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 business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $321.78, for a total value of $64,356.00. Following the transaction, the director now directly owns 13,519 shares of the company's stock, valued at $4,350,143.82. The trade was a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,103 shares of company stock valued at $3,437,104 in the last three months. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on CSWI. StockNews.com cut CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Truist Financial began coverage on CSW Industrials in a research note on Friday, February 14th. They set a "hold" rating and a $362.00 target price for the company. Wells Fargo & Company cut their target price on CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group cut their target price 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. Finally, Citigroup cut their target price on CSW Industrials from $466.00 to $404.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, CSW Industrials currently has an average rating of "Hold" and a consensus target price of $379.00.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI traded down $5.04 during trading on Wednesday, reaching $314.44. The stock had a trading volume of 93,716 shares, compared to its average volume of 117,191. CSW Industrials, Inc. has a fifty-two week low of $221.10 and a fifty-two week high of $436.50. The business's 50-day moving average price is $357.30 and its 200-day moving average price is $361.25. The company has a market cap of $5.28 billion, a P/E ratio of 37.57 and a beta of 0.84.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. Analysts forecast that CSW Industrials, Inc. will post 8.59 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.24 per share. The ex-dividend date was Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.31%. CSW Industrials's payout ratio is 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.