Richard Bernstein Advisors LLC Reduces Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Richard Bernstein Advisors LLC lessened its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,534 shares of the basic materials company's stock after selling 3,086 shares during the period. Richard Bernstein Advisors LLC owned 0.07% of CSW Industrials worth $4,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Illinois Municipal Retirement Fund acquired a new position in CSW Industrials in the fourth quarter valued at $3,282,000. IFP Advisors Inc boosted its stake in CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 97 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in CSW Industrials in the fourth quarter valued at $370,000. Navellier & Associates Inc. boosted its stake in CSW Industrials by 67.1% in the fourth quarter. Navellier & Associates Inc. now owns 1,736 shares of the basic materials company's stock valued at $612,000 after acquiring an additional 697 shares in the last quarter. Finally, Hardy Reed LLC acquired a new position in CSW Industrials in the fourth quarter valued at $267,000. Institutional investors and hedge funds own 82.79% of the company's stock.

Insider Activity at CSW Industrials

In other CSW Industrials 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 value of $389,780.00. Following the completion of the transaction, the chief executive officer now directly owns 49,698 shares of the company's stock, valued at approximately $19,371,286.44. This trade represents a 1.97 % 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 stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the completion of the transaction, the director now directly owns 13,719 shares of the company's stock, valued at approximately $4,865,443.35. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,103 shares of company stock worth $3,437,104 over the last 90 days. Company insiders own 1.40% of the company's stock.

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CSW Industrials Stock Performance

NASDAQ:CSWI traded up $8.13 during mid-day trading on Friday, reaching $306.09. The stock had a trading volume of 174,427 shares, compared to its average volume of 118,652. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 36.57 and a beta of 0.84. CSW Industrials, Inc. has a twelve month low of $221.10 and a twelve month high of $436.50. The business has a 50 day simple moving average of $343.87 and a 200 day simple moving average of $360.62.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. As a group, sell-side analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.24 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 0.31%. CSW Industrials's payout ratio is currently 11.47%.

Analyst Upgrades and Downgrades

CSWI has been the subject of several research analyst reports. 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 note on Tuesday, January 14th. 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. Wells Fargo & Company decreased 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 note on Friday, January 31st. Truist Financial began coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a "hold" rating and a $362.00 target price for the company. Finally, StockNews.com downgraded shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, CSW Industrials has a consensus rating of "Hold" and an average target price of $379.00.

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.