Loomis Sayles & Co. L P Grows Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Loomis Sayles & Co. L P boosted its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 37.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 96,031 shares of the basic materials company's stock after purchasing an additional 26,189 shares during the period. Loomis Sayles & Co. L P owned 0.57% of CSW Industrials worth $33,880,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp raised its stake in CSW Industrials by 71.7% in the third quarter. State Street Corp now owns 612,696 shares of the basic materials company's stock valued at $224,486,000 after buying an additional 255,849 shares during the period. Proficio Capital Partners LLC grew its stake in CSW Industrials by 35,553.3% in the 4th 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 last quarter. Riverbridge Partners LLC bought a new position in CSW Industrials in the 4th quarter valued at about $42,202,000. Principal Financial Group Inc. lifted its position 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 acquiring an additional 77,576 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of CSW Industrials by 2,006.7% during the third quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company's stock worth $22,702,000 after acquiring an additional 54,882 shares during the period. 82.79% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

CSWI has been the topic of a number of analyst reports. Citigroup reduced their price target on CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company reduced their target price on CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. StockNews.com downgraded shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. The Goldman Sachs Group cut their price target on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Finally, Truist Financial began coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a "hold" rating and a $362.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $379.00.

CSW Industrials Stock Performance

Shares of CSWI traded up $3.40 during trading hours on Tuesday, reaching $294.92. The stock had a trading volume of 10,821 shares, compared to its average volume of 129,961. The stock has a market capitalization of $4.95 billion, a PE ratio of 35.19 and a beta of 0.80. The company's 50-day moving average is $315.03 and its two-hundred day moving average is $358.15. CSW Industrials, Inc. has a 12 month low of $226.05 and a 12 month high of $436.50.

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, beating 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%. Equities analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

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. This represents a $0.96 annualized dividend and a yield of 0.33%. The ex-dividend date was Friday, January 31st. CSW Industrials's payout ratio is presently 11.47%.

Insiders Place Their Bets

In other CSW Industrials news, EVP Don Sullivan sold 2,222 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $292.12, for a total transaction of $649,090.64. Following the completion of the sale, the executive vice president now directly owns 24,853 shares in the company, valued at approximately $7,260,058.36. This trade represents a 8.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert M. Swartz sold 200 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total value of $70,930.00. Following the sale, the director now owns 13,719 shares in the company, valued at approximately $4,865,443.35. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,389 shares of company stock worth $3,104,831. 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.