Intech Investment Management LLC increased its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 64.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,763 shares of the basic materials company's stock after purchasing an additional 3,035 shares during the quarter. Intech Investment Management LLC's holdings in CSW Industrials were worth $2,739,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSWI. State Street Corp lifted its position in shares of CSW Industrials by 71.7% during the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company's stock worth $224,486,000 after buying an additional 255,849 shares during the last quarter. Proficio Capital Partners LLC lifted its position in CSW Industrials by 35,553.3% in the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock valued at $71,320,000 after acquiring an additional 201,587 shares during the last quarter. Riverbridge Partners LLC acquired a new position in CSW Industrials in the fourth quarter valued at $42,202,000. Principal Financial Group Inc. grew its holdings in shares of CSW Industrials by 1,046.2% during the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company's stock worth $31,140,000 after purchasing an additional 77,576 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of CSW Industrials during the third quarter worth about $25,589,000. 82.79% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CEO Joseph B. Armes sold 1,000 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $378.32, for a total value of $378,320.00. Following the sale, the chief executive officer now directly owns 48,848 shares in the company, valued at $18,480,175.36. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the company'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 transaction, the director now owns 13,719 shares of the company's stock, 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. Over the last ninety days, insiders sold 9,389 shares of company stock valued at $3,104,831. 1.40% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on CSWI shares. The Goldman Sachs Group dropped their price target 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. 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 target price on the stock. 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 objective on shares of CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Finally, Wells Fargo & Company reduced their target price 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. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $379.00.
Get Our Latest Report on CSWI
CSW Industrials Trading Up 3.2 %
Shares of CSW Industrials stock traded up $9.34 on Monday, reaching $302.13. 119,767 shares of the stock were exchanged, compared to its average volume of 123,961. The firm has a market capitalization of $5.07 billion, a PE ratio of 36.10 and a beta of 0.80. CSW Industrials, Inc. has a 1-year low of $225.83 and a 1-year high of $436.50. The business has a fifty day moving average price of $324.96 and a two-hundred day moving average price of $358.64.
CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (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%. Research analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current year.
CSW Industrials Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.32%. The ex-dividend date was Friday, January 31st. CSW Industrials's payout ratio is currently 11.47%.
CSW Industrials Company Profile
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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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