Vanguard Group Inc. Has $653.64 Million Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Vanguard Group Inc. grew its holdings in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 1.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,852,716 shares of the basic materials company's stock after buying an additional 29,488 shares during the period. Vanguard Group Inc. owned approximately 11.04% of CSW Industrials worth $653,638,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Anchor Investment Management LLC boosted its holdings in shares of 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 valued at $472,000 after purchasing an additional 32 shares during the period. Atria Investments Inc grew its holdings 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 valued at $835,000 after buying an additional 32 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of CSW Industrials by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company's stock worth $1,388,000 after purchasing an additional 34 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of CSW Industrials by 1.0% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,590 shares of the basic materials company's stock worth $1,267,000 after purchasing an additional 35 shares during the last quarter. Finally, Morse Asset Management Inc lifted its holdings in shares of 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 buying an additional 36 shares during the period. Hedge funds and other institutional investors own 82.79% of the company's stock.

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Analysts Set New Price Targets

CSWI has been the topic of several research reports. StockNews.com downgraded CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Truist Financial started coverage on shares of CSW Industrials in a report on Friday, February 14th. They issued a "hold" rating and a $362.00 target price for the company. Citigroup cut 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. Wells Fargo & Company lowered their price objective on CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Finally, The Goldman Sachs Group lowered their price objective on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $379.00.

CSW Industrials Stock Down 2.4 %

Shares of CSWI stock traded down $6.44 during trading hours on Friday, hitting $263.79. 205,147 shares of the company were exchanged, compared to its average volume of 131,692. The firm has a market cap of $4.43 billion, a PE ratio of 31.52 and a beta of 0.88. The firm has a fifty day moving average of $307.01 and a 200 day moving average of $356.34. CSW Industrials, Inc. has a 1 year low of $229.49 and a 1 year high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last posted its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) 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 expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Friday, January 31st. CSW Industrials's dividend payout ratio is currently 11.47%.

Insider Transactions at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total transaction of $57,820.00. Following the transaction, the director now directly owns 13,119 shares of the company's stock, valued at $3,792,702.90. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Luke Alverson sold 1,522 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $358.16, for a total value of $545,119.52. Following the sale, the senior vice president now owns 15,634 shares of the company's stock, valued at $5,599,473.44. This trade represents a 8.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,534 shares of company stock worth $3,133,640. 1.40% of the stock is currently owned by 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.