Illinois Municipal Retirement Fund purchased 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 fund purchased 9,302 shares of the basic materials company's stock, valued at approximately $3,282,000. Illinois Municipal Retirement Fund owned approximately 0.06% of CSW Industrials as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Anchor Investment Management LLC raised its position in shares of CSW Industrials by 2.5% in the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company's stock worth $472,000 after buying an additional 32 shares in the last quarter. Morse Asset Management Inc raised its holdings in shares of CSW Industrials by 2.3% in the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company's stock valued at $594,000 after acquiring an additional 36 shares in the last quarter. OLD National Bancorp IN raised its holdings in shares of CSW Industrials by 3.9% in the 4th quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company's stock valued at $346,000 after acquiring an additional 37 shares in the last quarter. Covestor Ltd boosted its position in shares of CSW Industrials by 17.4% during the 3rd quarter. Covestor Ltd now owns 263 shares of the basic materials company's stock valued at $96,000 after acquiring an additional 39 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of CSW Industrials by 16.3% during the third quarter. Farther Finance Advisors LLC now owns 328 shares of the basic materials company's stock worth $120,000 after purchasing an additional 46 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.
CSW Industrials Stock Performance
NASDAQ:CSWI traded up $8.13 during trading hours on Friday, reaching $306.09. The company's stock had a trading volume of 174,427 shares, compared to its average volume of 118,652. The firm has a 50-day simple moving average of $343.87 and a 200-day simple moving average of $361.01. CSW Industrials, Inc. has a 1 year low of $221.10 and a 1 year high of $436.50. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 36.57 and a beta of 0.84.
CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping 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%. Equities analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.
CSW Industrials Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Friday, January 31st. CSW Industrials's dividend payout ratio (DPR) is presently 11.47%.
Insider Transactions at CSW Industrials
In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were 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 in the company, valued at approximately $4,350,143.82. The trade was a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Don Sullivan sold 1,965 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $760,749.75. Following the transaction, the executive vice president now directly owns 30,804 shares of the company's stock, valued at approximately $11,925,768.60. This trade represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,103 shares of company stock worth $3,437,104. Insiders own 1.40% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on CSWI. Truist Financial initiated coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a "hold" rating and a $362.00 target price on the stock. Wells Fargo & Company dropped their price objective on shares of CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Citigroup reduced their target price on CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a research note on Monday, January 13th. The Goldman Sachs Group dropped their price target on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Finally, StockNews.com lowered CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $379.00.
Check Out Our Latest Analysis on CSW Industrials
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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