Royce & Associates LP trimmed its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 19.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 43,574 shares of the basic materials company's stock after selling 10,626 shares during the quarter. Royce & Associates LP owned about 0.26% of CSW Industrials worth $15,373,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Swiss National Bank boosted its holdings in shares of CSW Industrials by 7.9% during the 4th quarter. Swiss National Bank now owns 32,749 shares of the basic materials company's stock valued at $11,554,000 after acquiring an additional 2,400 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of CSW Industrials by 18.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,267 shares of the basic materials company's stock valued at $11,031,000 after acquiring an additional 4,945 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of CSW Industrials by 5.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company's stock valued at $291,000 after acquiring an additional 46 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of CSW Industrials by 7.7% during the 4th quarter. HighTower Advisors LLC now owns 3,796 shares of the basic materials company's stock valued at $1,339,000 after acquiring an additional 272 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CSW Industrials by 4.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,865 shares of the basic materials company's stock valued at $1,011,000 after acquiring an additional 123 shares during the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at CSW Industrials
In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $289.97, for a total transaction of $289,970.00. Following the transaction, the chief executive officer now directly owns 46,848 shares in the company, valued at $13,584,514.56. This represents a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Don Sullivan sold 2,222 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $292.12, for a total transaction of $649,090.64. Following the transaction, the executive vice president now owns 24,853 shares in the company, valued at approximately $7,260,058.36. The trade was a 8.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,389 shares of company stock worth $3,104,831. Insiders own 1.40% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their price target 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. Wells Fargo & Company dropped their price target 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. Truist Financial began coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued a "hold" rating and a $362.00 price target for the company. StockNews.com lowered shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Citigroup dropped 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 report on Monday, January 13th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $379.00.
View Our Latest Stock Analysis on CSW Industrials
CSW Industrials Stock Up 0.4 %
CSW Industrials stock traded up $1.22 during mid-day trading on Thursday, reaching $292.66. 143,580 shares of the company's stock traded hands, compared to its average volume of 122,542. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 34.97 and a beta of 0.80. The stock has a 50 day moving average of $327.71 and a two-hundred day moving average of $358.82. CSW Industrials, Inc. has a 12-month low of $225.83 and a 12-month high of $436.50.
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 for the quarter, beating 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%. As a group, sell-side analysts forecast 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 paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials's dividend payout ratio is currently 11.47%.
CSW Industrials Company Profile
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Free Report)
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.
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