CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lowered its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 235,325 shares of the basic materials company's stock after selling 6,081 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 1.40% of CSW Industrials worth $83,023,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in shares of CSW Industrials by 510.5% during the fourth 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 last quarter. GAMMA Investing LLC lifted its position in CSW Industrials by 94.3% during the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock worth $48,000 after buying an additional 66 shares during the period. SBI Securities Co. Ltd. acquired a new stake in CSW Industrials in the 4th quarter worth about $51,000. Jones Financial Companies Lllp increased its stake in shares of CSW Industrials by 300.0% during the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock valued at $58,000 after acquiring an additional 123 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of CSW Industrials by 49.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company's stock worth $83,000 after acquiring an additional 76 shares during the period. 82.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CSWI has been the topic of a number of research analyst reports. The Goldman Sachs Group reduced their target price on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. 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 report on Monday, April 14th. Truist Financial assumed coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a "hold" rating and a $362.00 price objective for the company. Citigroup cut their target price on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $342.50.

Insiders Place Their Bets

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $321.78, for a total transaction of $64,356.00. Following the transaction, the director now directly owns 13,519 shares in the company, valued at $4,350,143.82. This represents a 1.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Don Sullivan sold 2,222 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $292.12, for a total transaction of $649,090.64. Following the completion of the sale, the executive vice president now directly owns 24,853 shares of the company's stock, valued at $7,260,058.36. The trade was a 8.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,631 shares of company stock worth $2,551,912 in the last three months. 1.40% of the stock is owned by insiders.

CSW Industrials Stock Down 0.7 %

Shares of CSWI traded down $2.21 during mid-day trading on Friday, reaching $312.09. 57,488 shares of the stock traded hands, compared to its average volume of 135,300. The stock has a fifty day simple moving average of $294.40 and a 200 day simple moving average of $347.75. CSW Industrials, Inc. has a 12-month low of $237.19 and a 12-month high of $436.50. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 37.29 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. On average, equities research analysts expect 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 paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Friday, April 25th. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's dividend payout ratio (DPR) is 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.