CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 13.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,236 shares of the basic materials company's stock after selling 1,134 shares during the quarter. Victory Capital Management Inc.'s holdings in CSW Industrials were worth $2,553,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in shares of CSW Industrials by 5.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 2,588 shares of the basic materials company's stock valued at $948,000 after acquiring an additional 128 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in CSW Industrials during the third quarter valued at $349,000. Natixis Advisors LLC raised its holdings in shares of CSW Industrials by 2.0% during the third quarter. Natixis Advisors LLC now owns 47,744 shares of the basic materials company's stock worth $17,493,000 after purchasing an additional 916 shares during the period. Mutual of America Capital Management LLC bought a new position in shares of CSW Industrials in the 3rd quarter worth about $916,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of CSW Industrials in the 3rd quarter valued at about $72,000. Institutional investors and hedge funds own 82.79% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of 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 CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Citigroup lowered their price objective on CSW Industrials from $466.00 to $404.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group dropped their target price on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Finally, Truist Financial started coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 price target for the company. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, CSW Industrials presently has a consensus rating of "Hold" and a consensus target price of $379.00.

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CSW Industrials Stock Up 0.4 %

CSW Industrials stock traded up $1.06 during mid-day trading on Thursday, hitting $292.50. 70,783 shares of the company's stock traded hands, compared to its average volume of 122,334. CSW Industrials, Inc. has a one year low of $225.83 and a one year high of $436.50. The firm has a 50 day moving average price of $327.71 and a 200 day moving average price of $358.82. The company has a market cap of $4.91 billion, a PE ratio of 35.12 and a beta of 0.80.

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

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.33%. 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, SVP Luke Alverson sold 1,522 shares of CSW Industrials stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $358.16, for a total transaction of $545,119.52. Following the transaction, the senior vice president now directly owns 15,634 shares of the company's stock, valued at $5,599,473.44. The trade was a 8.87 % 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, EVP Don Sullivan sold 1,800 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $377.58, for a total transaction of $679,644.00. Following the completion of the sale, the executive vice president now owns 29,004 shares in the company, valued at approximately $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 three months, insiders sold 9,389 shares of company stock valued at $3,104,831. Company insiders own 1.40% of the company's stock.

About CSW Industrials

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.