Thrivent Financial for Lutherans Has $5.43 Million Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Thrivent Financial for Lutherans cut its holdings in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 45.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,401 shares of the basic materials company's stock after selling 13,022 shares during the quarter. Thrivent Financial for Lutherans owned about 0.09% of CSW Industrials worth $5,433,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of CSW Industrials by 7.4% during the third 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of CSW Industrials in the fourth quarter valued at approximately $18,197,000. Mutual of America Capital Management LLC bought a new stake in shares of CSW Industrials in the third quarter worth $916,000. Charles Schwab Investment Management Inc. grew its position in CSW Industrials by 13.2% in 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 in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in CSW Industrials by 8.5% during 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 buying an additional 744 shares in the last quarter. 82.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on CSWI. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Citigroup reduced their price target on CSW Industrials from $466.00 to $404.00 and set a "neutral" rating for the company in a report on Monday, January 13th. 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. The Goldman Sachs Group decreased 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 note on Tuesday, January 14th. Finally, Wells Fargo & Company lowered their price objective on CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $379.00.

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Insider Activity at CSW Industrials

In other CSW Industrials news, EVP Don Sullivan sold 2,222 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $292.12, for a total value of $649,090.64. Following the sale, the executive vice president now owns 24,853 shares in the company, valued at $7,260,058.36. This trade represents a 8.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $378.32, for a total value of $378,320.00. Following the sale, the chief executive officer now directly owns 48,848 shares in the company, valued at approximately $18,480,175.36. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,389 shares of company stock valued at $3,104,831 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

CSW Industrials Stock Down 2.0 %

Shares of CSWI traded down $5.89 during trading hours on Friday, hitting $290.19. 53,884 shares of the company were exchanged, compared to its average volume of 130,086. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 34.67 and a beta of 0.80. The firm's fifty day moving average is $319.00 and its 200 day moving average is $358.01. CSW Industrials, Inc. has a fifty-two week low of $226.05 and a fifty-two week 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 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%. Analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.24 per share. 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 currently 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.