CSW Industrials, Inc. (NASDAQ:CSWI) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. boosted its holdings in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 26.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,195 shares of the basic materials company's stock after buying an additional 882 shares during the quarter. Federated Hermes Inc.'s holdings in CSW Industrials were worth $1,480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Verition Fund Management LLC purchased a new position in shares of CSW Industrials in the 3rd quarter valued at about $237,000. HighTower Advisors LLC raised its holdings in CSW Industrials by 1.4% during the third quarter. HighTower Advisors LLC now owns 3,524 shares of the basic materials company's stock worth $1,279,000 after purchasing an additional 47 shares in the last quarter. Morse Asset Management Inc raised its holdings in CSW Industrials by 2.3% during the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company's stock worth $594,000 after purchasing an additional 36 shares in the last quarter. Stifel Financial Corp lifted its position in shares of CSW Industrials by 14.7% during the 3rd quarter. Stifel Financial Corp now owns 8,505 shares of the basic materials company's stock worth $3,116,000 after buying an additional 1,093 shares during the last quarter. Finally, National Bank of Canada FI acquired a new position in shares of CSW Industrials in the 3rd quarter valued at $28,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CSW Industrials news, CFO James E. Perry sold 145 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $307.77, for a total transaction of $44,626.65. Following the sale, the chief financial officer now directly owns 23,282 shares in the company, valued at approximately $7,165,501.14. The trade was a 0.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert M. Swartz sold 200 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $321.78, for a total transaction of $64,356.00. Following the completion of the transaction, the director now owns 13,519 shares of the company's stock, valued at $4,350,143.82. This represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,631 shares of company stock worth $2,551,912. Company insiders own 1.40% of the company's stock.

CSW Industrials Trading Up 1.0 %

Shares of CSW Industrials stock traded up $3.07 during trading hours on Friday, hitting $298.43. 68,468 shares of the company were exchanged, compared to its average volume of 134,723. The business has a 50-day moving average of $296.26 and a 200-day moving average of $350.46. CSW Industrials, Inc. has a 1 year low of $231.09 and a 1 year high of $436.50. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 35.65 and a beta of 0.88.

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 net margin of 15.53% and a return on equity of 15.72%. As a group, research analysts anticipate 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. Shareholders of record on Friday, April 25th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Friday, April 25th. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's payout ratio is currently 12.90%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CSWI. Wells Fargo & Company cut their price target on shares of CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating on the stock in a research note on Monday. The Goldman Sachs Group reduced their target price on 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 assumed coverage on CSW Industrials in a research note on Friday, February 14th. They set a "hold" rating and a $362.00 price target on the stock. StockNews.com cut CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Citigroup decreased their price objective on CSW Industrials from $364.00 to $313.00 and set a "neutral" rating for the company in a report on Monday. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, CSW Industrials currently has a consensus rating of "Hold" and an average 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.