Rhumbline Advisers Boosts Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Rhumbline Advisers raised its holdings in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,015 shares of the basic materials company's stock after purchasing an additional 1,144 shares during the quarter. Rhumbline Advisers owned about 0.27% of CSW Industrials worth $15,881,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI purchased a new stake in shares of CSW Industrials during the third quarter worth approximately $28,000. GAMMA Investing LLC lifted its stake in shares of CSW Industrials by 94.3% in the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock worth $48,000 after acquiring an additional 66 shares during the period. Peterson Financial Group Inc. acquired a new stake in shares of CSW Industrials in the 3rd quarter worth $72,000. Nisa Investment Advisors LLC boosted its holdings in shares of CSW Industrials by 508.8% in the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company's stock valued at $76,000 after acquiring an additional 173 shares in the last quarter. Finally, Covestor Ltd increased its stake in shares of CSW Industrials by 17.4% during the third quarter. Covestor Ltd now owns 263 shares of the basic materials company's stock worth $96,000 after acquiring an additional 39 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSWI has been the subject of several recent analyst reports. The Goldman Sachs Group reduced 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 note on Tuesday, January 14th. Truist Financial started coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued a "hold" rating and a $362.00 price objective on the stock. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Wells Fargo & Company cut 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. Finally, Citigroup lowered their price target on shares of CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Five research 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 currently has an average rating of "Hold" and a consensus price target of $379.00.

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CSW Industrials Stock Performance

CSW Industrials stock traded up $4.05 during trading on Tuesday, reaching $303.43. The company had a trading volume of 114,171 shares, compared to its average volume of 116,877. CSW Industrials, Inc. has a 12-month low of $221.10 and a 12-month high of $436.50. The stock's 50 day moving average price is $348.78 and its two-hundred day moving average price is $361.43. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 36.25 and a beta of 0.84.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 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, research 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 disclosed 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 was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.32%. CSW Industrials's dividend payout ratio (DPR) is 11.47%.

Insider Activity

In related news, Director Robert M. Swartz sold 200 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value of $70,930.00. Following the completion of the sale, the director now directly owns 13,719 shares in the company, valued at approximately $4,865,443.35. This represents a 1.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Luke Alverson sold 1,416 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $387.15, for a total value of $548,204.40. Following the transaction, the senior vice president now owns 17,156 shares in the company, valued at approximately $6,641,945.40. This represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,103 shares of company stock valued at $3,437,104 in the last three months. Corporate 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.