Prudential Financial Inc. Sells 1,036 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Prudential Financial Inc. decreased its holdings in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,029 shares of the basic materials company's stock after selling 1,036 shares during the quarter. Prudential Financial Inc. owned 0.10% of CSW Industrials worth $6,008,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. National Bank of Canada FI purchased a new position in shares of CSW Industrials in the third quarter worth $28,000. IFP Advisors Inc boosted its position 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 valued at $42,000 after buying an additional 97 shares during the period. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 66 shares during the period. SBI Securities Co. Ltd. purchased a new position in CSW Industrials in the 4th quarter worth about $51,000. Finally, Jones Financial Companies Lllp raised its stake in shares of 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 acquiring an additional 123 shares in the last quarter. Institutional investors own 82.79% of the company's stock.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $378.32, for a total transaction of $378,320.00. Following the completion of the transaction, the chief executive officer now directly owns 48,848 shares in the company, valued at approximately $18,480,175.36. The trade was a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert M. Swartz sold 200 shares of the company's stock in a transaction on 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 sale, the director now owns 13,119 shares of the company's stock, valued at approximately $3,792,702.90. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,534 shares of company stock valued at $3,133,640. Corporate insiders own 1.40% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several research firms have commented on CSWI. The Goldman Sachs Group decreased 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. 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. Citigroup lowered their price objective on CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Truist Financial assumed coverage on CSW Industrials in a research report on Friday, February 14th. They set a "hold" rating and a $362.00 target price on the stock. Finally, StockNews.com lowered shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, CSW Industrials presently has a consensus rating of "Hold" and a consensus target price of $379.00.

CSW Industrials Stock Down 2.4 %

CSWI traded down $6.44 on Friday, reaching $263.79. The company's stock had a trading volume of 205,147 shares, compared to its average volume of 131,692. CSW Industrials, Inc. has a fifty-two week low of $229.49 and a fifty-two week high of $436.50. The stock has a 50 day moving average of $307.01 and a two-hundred day moving average of $356.34. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 31.52 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 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%. As a group, analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given 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 0.36%. CSW Industrials's dividend payout ratio is presently 11.47%.

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.