Natixis Advisors LLC Trims Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Natixis Advisors LLC cut its position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,437 shares of the basic materials company's stock after selling 1,307 shares during the period. Natixis Advisors LLC owned approximately 0.28% of CSW Industrials worth $16,383,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. National Bank of Canada FI acquired a new position in CSW Industrials during the third quarter valued at $28,000. IFP Advisors Inc raised its stake in shares of CSW Industrials by 510.5% during the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock valued at $42,000 after buying an additional 97 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of CSW Industrials by 94.3% during the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock valued at $48,000 after buying an additional 66 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of CSW Industrials in the 4th quarter valued at about $51,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of CSW Industrials by 300.0% in the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock worth $58,000 after buying an additional 123 shares during the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CSWI has been the subject of several recent research reports. Truist Financial started coverage on CSW Industrials in a research report on Friday, February 14th. They set a "hold" rating and a $362.00 price target for the company. Citigroup decreased their target price on shares of CSW Industrials from $466.00 to $404.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. StockNews.com downgraded shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Wells Fargo & Company cut 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. Finally, The Goldman Sachs Group decreased their price objective 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $379.00.

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Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $289.97, for a total transaction of $289,970.00. Following the completion of the sale, the chief executive officer now owns 46,848 shares of the company's stock, valued at $13,584,514.56. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Luke Alverson sold 1,100 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $321,332.00. Following the completion of the sale, the senior vice president now owns 13,434 shares of the company's stock, valued at $3,924,340.08. This trade represents a 7.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,389 shares of company stock valued at $3,104,831 over the last quarter. 1.40% of the stock is currently owned by insiders.

CSW Industrials Stock Performance

CSW Industrials stock traded up $0.13 during trading on Friday, reaching $292.79. The company had a trading volume of 453,569 shares, compared to its average volume of 123,959. The firm has a market capitalization of $4.91 billion, a PE ratio of 34.98 and a beta of 0.80. The firm's 50-day simple moving average is $324.96 and its 200 day simple moving average is $358.05. CSW Industrials, Inc. has a 1-year low of $225.83 and a 1-year high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its earnings results 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 net margin of 15.53% and a return on equity of 15.72%. Analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.33%. CSW Industrials's dividend payout ratio (DPR) is currently 11.47%.

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.