EAM Investors LLC Decreases Position in CSW Industrials, Inc. (NASDAQ:CSWI)

EAM Investors LLC cut its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 33.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,001 shares of the basic materials company's stock after selling 5,125 shares during the period. EAM Investors LLC owned 0.06% of CSW Industrials worth $3,528,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CSWI. National Bank of Canada FI acquired a new stake in CSW Industrials in the third quarter worth about $28,000. IFP Advisors Inc lifted its holdings in CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 97 shares during the period. GAMMA Investing LLC grew its stake in shares of CSW Industrials by 94.3% during the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock worth $48,000 after purchasing an additional 66 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of CSW Industrials during the 4th quarter valued at approximately $51,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of CSW Industrials by 300.0% in the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 123 shares during the period. Institutional investors and hedge funds own 82.79% of the company's stock.

Insider Activity

In other news, CFO James E. Perry sold 145 shares of the business'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 sale, the chief financial officer now directly owns 23,282 shares of the company's stock, valued at approximately $7,165,501.14. The trade was a 0.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $321.78, for a total value of $64,356.00. Following the transaction, the director now owns 13,519 shares of the company's stock, valued at approximately $4,350,143.82. This represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,631 shares of company stock valued at $2,551,912 in the last quarter. Insiders own 1.40% of the company's stock.

CSW Industrials Stock Performance

Shares of NASDAQ:CSWI traded up $3.07 during midday trading on Friday, hitting $298.43. The company's stock had a trading volume of 68,468 shares, compared to its average volume of 134,869. The company has a market cap of $5.01 billion, a P/E ratio of 35.65 and a beta of 0.88. The business's 50 day simple moving average is $296.26 and its 200 day simple moving average is $350.46. CSW Industrials, Inc. has a 12-month low of $231.09 and a 12-month high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping 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, sell-side analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.36%. This is a positive change 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 presently 12.90%.

Wall Street Analyst Weigh In

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