Capital International Investors Reduces Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Capital International Investors decreased its position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,315 shares of the basic materials company's stock after selling 19,456 shares during the period. Capital International Investors owned approximately 1.40% of CSW Industrials worth $82,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its stake in shares of 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 worth $71,320,000 after purchasing an additional 201,587 shares during the last quarter. Norges Bank acquired a new position in CSW Industrials in the 4th quarter worth approximately $59,250,000. Riverbridge Partners LLC purchased a new position in CSW Industrials during the 4th quarter worth approximately $42,202,000. Principal Financial Group Inc. lifted its stake in CSW Industrials by 1,046.2% during the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company's stock valued at $31,140,000 after acquiring an additional 77,576 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of CSW Industrials by 2,006.7% in the 3rd quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company's stock valued at $22,702,000 after acquiring an additional 54,882 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $298.03, for a total value of $298,030.00. Following the transaction, the chief executive officer now directly owns 66,522 shares of the company's stock, valued at $19,825,551.66. This trade represents a 1.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO James E. Perry sold 145 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $307.77, for a total value of $44,626.65. Following the completion of the sale, the chief financial officer now owns 23,282 shares of the company's stock, valued at $7,165,501.14. This trade represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,631 shares of company stock valued at $2,551,912. Corporate insiders own 1.40% of the company's stock.

CSW Industrials Stock Up 1.8 %

Shares of NASDAQ CSWI traded up $5.34 during trading on Wednesday, hitting $304.21. The company had a trading volume of 99,684 shares, compared to its average volume of 134,739. CSW Industrials, Inc. has a fifty-two week low of $232.20 and a fifty-two week high of $436.50. The stock has a fifty day simple moving average of $294.90 and a two-hundred day simple moving average of $348.86. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 36.35 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its 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 anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.36%. This is a boost from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date is Friday, April 25th. CSW Industrials's dividend payout ratio is 12.90%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CSWI. Citigroup decreased their target price on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group reduced their price target 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. Wells Fargo & Company lowered their price objective on CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Truist Financial assumed coverage on shares of CSW Industrials in a report on Friday, February 14th. They issued a "hold" rating and a $362.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $342.50.

CSW Industrials 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.