Congress Wealth Management LLC DE Purchases 880 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Congress Wealth Management LLC DE lifted its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,513 shares of the basic materials company's stock after purchasing an additional 880 shares during the quarter. Congress Wealth Management LLC DE owned about 0.21% of CSW Industrials worth $12,177,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew 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 worth $142,536,000 after buying an additional 26,728 shares during the period. Raymond James Financial Inc. purchased a new stake in CSW Industrials in the fourth quarter worth about $18,197,000. Mutual of America Capital Management LLC bought a new position in shares of CSW Industrials during the third quarter valued at approximately $916,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of CSW Industrials by 13.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company's stock valued at $61,689,000 after purchasing an additional 19,659 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of CSW Industrials by 8.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company's stock worth $3,482,000 after purchasing an additional 744 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of brokerages have issued reports on CSWI. Truist Financial began coverage on CSW Industrials in a research note on Friday, February 14th. They set a "hold" rating and a $362.00 price objective for the company. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Wells Fargo & Company reduced 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 research note on Friday, January 31st. Citigroup dropped 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. Finally, The Goldman Sachs Group cut their price target on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, CSW Industrials has an average rating of "Hold" and a consensus price target of $379.00.

CSW Industrials Stock Performance

Shares of CSWI traded down $5.89 during mid-day trading on Friday, hitting $290.19. 53,884 shares of the company traded hands, compared to its average volume of 130,295. CSW Industrials, Inc. has a 1 year low of $226.05 and a 1 year high of $436.50. The stock has a 50-day moving average price of $317.00 and a two-hundred day moving average price of $357.85. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 34.67 and a beta of 0.80.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping 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%. On average, analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current 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 issued a $0.24 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 0.33%. CSW Industrials's dividend payout ratio is currently 11.47%.

Insider Buying and Selling

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $289.97, for a total value of $289,970.00. Following the completion of the sale, the chief executive officer now directly owns 46,848 shares of the company's stock, valued at $13,584,514.56. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Don Sullivan sold 1,800 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $377.58, for a total value 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,389 shares of company stock valued at $3,104,831. 1.40% of the stock is owned by company 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.