LPL Financial LLC raised its position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 7.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 13,045 shares of the basic materials company's stock after purchasing an additional 888 shares during the period. LPL Financial LLC owned 0.08% of CSW Industrials worth $4,602,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in shares of CSW Industrials in the third quarter valued at approximately $28,000. IFP Advisors Inc boosted its stake in CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock worth $42,000 after buying an additional 97 shares during the last quarter. GAMMA Investing LLC grew its holdings in CSW Industrials by 94.3% in the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock valued at $48,000 after buying an additional 66 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of CSW Industrials in the 4th quarter worth $51,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of CSW Industrials by 300.0% during the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock worth $58,000 after acquiring an additional 123 shares during the period. Institutional investors and hedge funds own 82.79% of the company's stock.
CSW Industrials Price Performance
Shares of NASDAQ:CSWI traded down $2.29 during mid-day trading on Tuesday, reaching $296.80. 18,907 shares of the company were exchanged, compared to its average volume of 133,755. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 35.46 and a beta of 0.88. CSW Industrials, Inc. has a 1 year low of $229.49 and a 1 year high of $436.50. The firm's 50-day simple moving average is $298.03 and its 200 day simple moving average is $351.69.
CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.
CSW Industrials Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Friday, April 25th. This is a boost from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's dividend payout ratio (DPR) is presently 12.90%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on CSWI. Citigroup dropped their price objective on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating for the company in a report on Monday. Wells Fargo & Company dropped their price target on shares of CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating for the company in a research note on Monday. The Goldman Sachs Group reduced 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. Truist Financial assumed coverage on CSW Industrials in a research report on Friday, February 14th. They issued a "hold" rating and a $362.00 price objective for the company. Finally, StockNews.com downgraded CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $342.50.
Check Out Our Latest Stock Analysis on CSWI
Insiders Place Their Bets
In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $289.10, for a total value of $57,820.00. Following the transaction, the director now directly owns 13,119 shares in the company, valued at $3,792,702.90. This represents a 1.50 % 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 James E. Perry sold 145 shares of CSW Industrials stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total transaction of $41,919.50. Following the sale, the executive vice president now owns 23,137 shares in the company, valued at $6,688,906.70. This represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,012 shares of company stock worth $2,588,521 in the last 90 days. Corporate insiders own 1.40% of the company's stock.
About CSW Industrials
(
Free Report)
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.
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