JPMorgan Chase & Co. Buys 8,745 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

JPMorgan Chase & Co. increased its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 13.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,714 shares of the basic materials company's stock after acquiring an additional 8,745 shares during the period. JPMorgan Chase & Co. owned about 0.43% of CSW Industrials worth $25,301,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CSWI. National Bank of Canada FI purchased a new stake in shares of CSW Industrials in the 3rd quarter valued at $28,000. IFP Advisors Inc raised its position in CSW Industrials by 510.5% in the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock worth $42,000 after purchasing an additional 97 shares during the period. GAMMA Investing LLC lifted its stake in CSW Industrials by 94.3% in the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock worth $48,000 after purchasing an additional 66 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in CSW Industrials in the fourth quarter worth $51,000. Finally, Jones Financial Companies Lllp boosted its position in CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock valued at $58,000 after buying an additional 123 shares during the period. Institutional investors own 82.79% of the company's stock.

Insiders Place Their Bets

In related news, Director Robert M. Swartz sold 200 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $289.10, for a total value of $57,820.00. Following the completion of the transaction, the director now directly owns 13,119 shares in the company, valued at $3,792,702.90. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James E. Perry sold 145 shares of CSW Industrials stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.77, for a total transaction of $44,626.65. Following the transaction, the chief financial officer now directly owns 23,282 shares of the company's stock, valued at approximately $7,165,501.14. This trade represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,012 shares of company stock worth $2,588,521 over the last three months. Company insiders own 1.40% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CSWI shares. Truist Financial assumed coverage on CSW Industrials in a research note on Friday, February 14th. They issued a "hold" rating and a $362.00 target price for the company. Citigroup lowered their price objective on CSW Industrials from $364.00 to $313.00 and set a "neutral" rating for the company in a research report on Monday. Wells Fargo & Company cut their target price on shares of CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating on the stock in a report on Monday. StockNews.com lowered shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their price target on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $342.50.

CSW Industrials Stock Down 0.6 %

Shares of CSWI traded down $1.73 during mid-day trading on Tuesday, hitting $297.35. 18,907 shares of the company's stock traded hands, compared to its average volume of 133,755. The firm has a market capitalization of $4.99 billion, a P/E ratio of 35.46 and a beta of 0.88. The business's 50-day moving average price is $298.03 and its 200-day moving average price is $351.69. CSW Industrials, Inc. has a 1 year low of $229.49 and a 1 year high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be paid a $0.27 dividend. This is an increase from CSW Industrials's previous quarterly dividend of $0.24. 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. CSW Industrials's dividend payout ratio is presently 12.90%.

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.