Edgestream Partners L.P. Takes Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Edgestream Partners L.P. bought a new stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 21,559 shares of the basic materials company's stock, valued at approximately $7,606,000. Edgestream Partners L.P. owned about 0.13% of CSW Industrials at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Private Advisor Group LLC purchased a new stake in CSW Industrials during the third quarter valued at about $202,000. Nisa Investment Advisors LLC grew its position in CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company's stock valued at $76,000 after acquiring an additional 173 shares during the period. New York State Teachers Retirement System purchased a new stake in CSW Industrials during the third quarter valued at about $1,429,000. Farther Finance Advisors LLC grew its position in CSW Industrials by 16.3% during the third quarter. Farther Finance Advisors LLC now owns 328 shares of the basic materials company's stock valued at $120,000 after acquiring an additional 46 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in CSW Industrials by 5.2% during the third 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 during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on CSWI. StockNews.com downgraded CSW Industrials from a "buy" rating to a "hold" rating in a research report 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. Wells Fargo & Company cut their price objective on CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group cut their price objective on 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, Truist Financial initiated coverage on CSW Industrials in a research note on Friday, February 14th. They set a "hold" rating and a $362.00 price objective on the stock. Five equities 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.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $379.00.

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CSW Industrials Stock Performance

Shares of CSW Industrials stock traded up $1.32 on Friday, reaching $301.45. 72,140 shares of the company were exchanged, compared to its average volume of 120,769. The company's 50-day moving average is $338.13 and its two-hundred day moving average is $360.74. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 36.02 and a beta of 0.80. CSW Industrials, Inc. has a 1-year low of $221.10 and a 1-year high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share 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%. As a group, sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials's dividend payout ratio (DPR) is 11.47%.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the transaction, the chief executive officer now directly owns 49,698 shares of the company's stock, valued at approximately $19,371,286.44. This trade represents a 1.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $307.21, for a total value of $61,442.00. Following the transaction, the director now directly owns 13,319 shares of the company's stock, valued at approximately $4,091,729.99. The trade was a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,448 shares of company stock valued at $3,543,172 in the last three months. 1.40% of the stock is currently owned by corporate 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.