Harvest Fund Management Co. Ltd increased its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 161.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,788 shares of the basic materials company's stock after purchasing an additional 1,104 shares during the period. Harvest Fund Management Co. Ltd's holdings in CSW Industrials were worth $631,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Geode Capital Management LLC boosted its stake in shares of CSW Industrials by 7.4% during the third quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company's stock valued at $142,536,000 after acquiring an additional 26,728 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of CSW Industrials during the 4th quarter valued at about $18,197,000. Mutual of America Capital Management LLC acquired a new position in shares of CSW Industrials in the 3rd quarter valued at $916,000. Charles Schwab Investment Management Inc. boosted its holdings in CSW Industrials by 13.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company's stock valued at $61,689,000 after acquiring an additional 19,659 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in CSW Industrials by 40.3% during the third quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company's stock worth $10,414,000 after acquiring an additional 8,161 shares during the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, EVP Don Sullivan sold 2,222 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $649,090.64. Following the sale, the executive vice president now owns 24,853 shares of the company's stock, valued at approximately $7,260,058.36. This trade represents a 8.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total value of $70,930.00. Following the completion of the sale, the director now owns 13,719 shares in the company, valued at $4,865,443.35. The trade was a 1.44 % 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.
Analyst Upgrades and Downgrades
Several research firms recently commented on CSWI. Truist Financial initiated coverage on shares of CSW Industrials in a report on Friday, February 14th. They issued a "hold" rating and a $362.00 price target on the stock. The Goldman Sachs Group reduced their price target 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. StockNews.com downgraded shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Citigroup lowered their price target on shares of CSW Industrials from $466.00 to $404.00 and set a "neutral" rating for the company in a report on Monday, January 13th. Finally, Wells Fargo & Company dropped their target price on CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $379.00.
Get Our Latest Stock Analysis on CSW Industrials
CSW Industrials Trading Up 1.5 %
CSWI stock traded up $4.67 during mid-day trading on Tuesday, hitting $306.80. 120,372 shares of the company were exchanged, compared to its average volume of 123,960. CSW Industrials, Inc. has a twelve month low of $225.83 and a twelve month high of $436.50. The firm has a fifty day simple moving average of $323.69 and a 200 day simple moving average of $358.71. The company has a market capitalization of $5.15 billion, a PE ratio of 36.65 and a beta of 0.80.
CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.
CSW Industrials Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.31%. CSW Industrials's payout ratio is currently 11.47%.
About CSW Industrials
(
Free Report)
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.
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