Raymond James Financial Inc. Buys Shares of 51,579 CSW Industrials, Inc. (NASDAQ:CSWI)

Raymond James Financial Inc. bought a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,579 shares of the basic materials company's stock, valued at approximately $18,197,000. Raymond James Financial Inc. owned about 0.31% of CSW Industrials as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of CSWI. IFP Advisors Inc boosted its holdings 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 purchasing an additional 97 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of 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 buying an additional 66 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in CSW Industrials during the fourth quarter valued at approximately $51,000. Jones Financial Companies Lllp grew its holdings in 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 buying an additional 123 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in 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 valued at $83,000 after buying an additional 76 shares in the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CSW Industrials news, EVP Don Sullivan sold 2,222 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $292.12, for a total value of $649,090.64. Following the transaction, the executive vice president now directly owns 24,853 shares in the company, valued at $7,260,058.36. This represents a 8.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Luke Alverson sold 919 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $303.21, for a total value of $278,649.99. Following the completion of the sale, the senior vice president now owns 14,353 shares of the company's stock, valued at $4,351,973.13. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,631 shares of company stock worth $2,551,912 over the last quarter. Company insiders own 1.40% of the company's stock.

CSW Industrials Trading Down 1.6 %

Shares of CSWI stock traded down $4.94 during trading hours on Friday, reaching $309.09. 10,212 shares of the stock were exchanged, compared to its average volume of 134,824. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 36.93 and a beta of 0.88. CSW Industrials, Inc. has a 12-month low of $232.20 and a 12-month high of $436.50. The company's 50-day moving average price is $294.55 and its 200-day moving average price is $348.15.

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 return on equity of 15.72% and a net margin of 15.53%. On average, sell-side analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current 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 given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Friday, April 25th. This is an increase from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's dividend payout ratio is 12.90%.

Wall Street Analysts Forecast Growth

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

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.