Sanctuary Advisors LLC trimmed its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 30.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,623 shares of the basic materials company's stock after selling 1,145 shares during the period. Sanctuary Advisors LLC's holdings in CSW Industrials were worth $861,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in CSW Industrials by 4.8% in the 4th quarter. Principal Financial Group Inc. now owns 89,061 shares of the basic materials company's stock worth $31,421,000 after acquiring an additional 4,070 shares during the last quarter. Congress Asset Management Co. boosted its position in CSW Industrials by 1.2% during the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company's stock worth $72,745,000 after purchasing an additional 2,544 shares in the last quarter. Rhumbline Advisers raised its position in CSW Industrials by 2.6% during the fourth quarter. Rhumbline Advisers now owns 45,015 shares of the basic materials company's stock worth $15,881,000 after acquiring an additional 1,144 shares during the period. MGB Wealth Management LLC boosted its holdings in CSW Industrials by 4.6% in the 4th quarter. MGB Wealth Management LLC now owns 1,386 shares of the basic materials company's stock worth $489,000 after buying an additional 61 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new position in CSW Industrials in the 4th quarter valued at $4,879,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at CSW Industrials
In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $389.78, for a total value of $389,780.00. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the company's 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 sale, the director now owns 13,719 shares of the company's stock, valued at approximately $4,865,443.35. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,103 shares of company stock valued at $3,437,104. Insiders own 1.40% of the company's stock.
CSW Industrials Price Performance
Shares of CSWI stock traded down $2.22 during trading hours on Monday, reaching $303.88. 103,873 shares of the company's stock were exchanged, compared to its average volume of 118,010. The company has a market cap of $5.10 billion, a P/E ratio of 36.31 and a beta of 0.84. CSW Industrials, Inc. has a 1 year low of $221.10 and a 1 year high of $436.50. The company's 50 day moving average is $343.87 and its two-hundred day moving average is $361.39.
CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its quarterly earnings data 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 return on equity of 15.72% and a net margin of 15.53%. As a group, analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.
CSW Industrials Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid 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 0.32%. CSW Industrials's payout ratio is 11.47%.
Wall Street Analyst Weigh In
CSWI has been the subject of a number of recent research reports. The Goldman Sachs Group cut their target price on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. StockNews.com lowered CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Wells Fargo & Company reduced their target price on shares of CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Truist Financial assumed 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 on the stock. Finally, Citigroup decreased their price target 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. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, CSW Industrials has an average rating of "Hold" and an average target price of $379.00.
Check Out Our Latest Analysis on CSWI
About CSW Industrials
(
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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