Oppenheimer Asset Management Inc. Buys 2,780 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Oppenheimer Asset Management Inc. lifted its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 29.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,074 shares of the basic materials company's stock after purchasing an additional 2,780 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.07% of CSW Industrials worth $4,260,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. National Bank of Canada FI acquired a new position in CSW Industrials in the third quarter worth about $28,000. IFP Advisors Inc grew its stake in 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 buying an additional 97 shares during the last quarter. GAMMA Investing LLC grew its stake 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 last quarter. Peterson Financial Group Inc. bought a new stake in shares of CSW Industrials during the third quarter valued at approximately $72,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company's stock valued at $76,000 after purchasing an additional 173 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Citigroup decreased their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a "neutral" rating for the company in a research report on Monday, January 13th. Truist Financial initiated coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 target price for the company. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company dropped 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 research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $379.00.

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CSW Industrials Trading Up 0.8 %

CSWI traded up $2.45 during trading on Wednesday, reaching $304.26. 142,715 shares of the company's stock were exchanged, compared to its average volume of 122,677. CSW Industrials, Inc. has a one year low of $221.10 and a one year high of $436.50. The stock has a market capitalization of $5.11 billion, a PE ratio of 36.35 and a beta of 0.84. The firm has a fifty day moving average price of $340.52 and a two-hundred day moving average price of $360.87.

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

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 0.32%. CSW Industrials's dividend payout ratio is currently 11.47%.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the transaction, the chief executive officer now owns 49,698 shares in the company, valued at approximately $19,371,286.44. This represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Luke Alverson sold 1,416 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $548,204.40. Following the transaction, the senior vice president now owns 17,156 shares of the company's stock, valued at approximately $6,641,945.40. The trade was a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,448 shares of company stock worth $3,543,172 over the last quarter. Insiders own 1.40% of the company's stock.

About CSW Industrials

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.