CSW Industrials, Inc. (NASDAQ:CSWI) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,267 shares of the basic materials company's stock after acquiring an additional 4,945 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.19% of CSW Industrials worth $11,031,000 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 the company. State Street Corp lifted its stake in shares of CSW Industrials by 71.7% in the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company's stock valued at $224,486,000 after purchasing an additional 255,849 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in CSW Industrials by 35,553.3% in the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock valued at $71,320,000 after buying an additional 201,587 shares during the period. Riverbridge Partners LLC acquired a new position in CSW Industrials during the fourth quarter valued at approximately $42,202,000. Principal Financial Group Inc. grew its stake in CSW Industrials by 1,046.2% during the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company's stock worth $31,140,000 after buying an additional 77,576 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of CSW Industrials in the third quarter worth $25,589,000. Hedge funds and other institutional investors own 82.79% of the company's stock.

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Analyst Upgrades and Downgrades

CSWI has been the subject of a number of research reports. Citigroup decreased their price target 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. 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 CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 target price on the stock. The Goldman Sachs Group decreased their price target on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Finally, Wells Fargo & Company dropped their price objective on shares of CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. 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.com, CSW Industrials presently has an average rating of "Hold" and a consensus target price of $379.00.

Insider Activity at CSW Industrials

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the sale, the director now directly owns 13,719 shares of the company's stock, valued at approximately $4,865,443.35. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Don Sullivan sold 1,800 shares of CSW Industrials stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $377.58, for a total transaction of $679,644.00. Following the completion of the transaction, the executive vice president now directly owns 29,004 shares of the company's stock, valued at $10,951,330.32. This trade represents a 5.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,389 shares of company stock valued at $3,104,831. Corporate insiders own 1.40% of the company's stock.

CSW Industrials Price Performance

Shares of NASDAQ:CSWI traded up $5.33 during midday trading on Wednesday, reaching $291.44. The company had a trading volume of 143,798 shares, compared to its average volume of 122,488. The stock has a market capitalization of $4.89 billion, a P/E ratio of 34.82 and a beta of 0.80. The stock's fifty day moving average price is $329.10 and its 200-day moving average price is $359.29. CSW Industrials, Inc. has a one year low of $225.83 and a one year high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued 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 net margin of 15.53% and a return on equity of 15.72%. As a group, sell-side analysts forecast 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. Stockholders 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 dividend yield of 0.33%. CSW Industrials's dividend payout ratio (DPR) is 11.47%.

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.