CSW Industrials, Inc. (NASDAQ:CSWI) Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 21.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,600 shares of the basic materials company's stock after purchasing an additional 9,752 shares during the period. Sei Investments Co. owned about 0.33% of CSW Industrials worth $19,263,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in CSW Industrials by 13.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company's stock worth $61,689,000 after buying an additional 19,659 shares during the period. Citigroup Inc. increased its position in shares of CSW Industrials by 367.6% during the third quarter. Citigroup Inc. now owns 20,816 shares of the basic materials company's stock worth $7,627,000 after acquiring an additional 16,364 shares during the period. Algert Global LLC raised its stake in shares of CSW Industrials by 43.5% in the third quarter. Algert Global LLC now owns 2,244 shares of the basic materials company's stock valued at $822,000 after acquiring an additional 680 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in CSW Industrials by 8.5% in the third quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company's stock valued at $3,482,000 after purchasing an additional 744 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in CSW Industrials by 26.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,881 shares of the basic materials company's stock worth $3,620,000 after purchasing an additional 2,049 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company decreased their price objective on 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. The Goldman Sachs Group lowered their price target on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. StockNews.com lowered shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Truist Financial started 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, Citigroup cut their price target on CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $379.00.

Insider Buying and Selling at CSW Industrials

In related news, CFO James E. Perry sold 145 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $307.77, for a total value of $44,626.65. Following the completion of the sale, the chief financial officer now owns 23,282 shares in the company, valued at $7,165,501.14. This represents a 0.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Luke Alverson sold 1,522 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $358.16, for a total transaction of $545,119.52. Following the transaction, the senior vice president now directly owns 15,634 shares in the company, valued at $5,599,473.44. The trade was a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,734 shares of company stock worth $3,204,570. 1.40% of the stock is owned by insiders.

CSW Industrials Trading Up 1.5 %

Shares of NASDAQ CSWI traded up $4.39 during mid-day trading on Tuesday, reaching $295.91. The company had a trading volume of 76,810 shares, compared to its average volume of 130,570. The firm has a 50 day simple moving average of $313.01 and a two-hundred day simple moving average of $357.86. CSW Industrials, Inc. has a 52-week low of $226.05 and a 52-week high of $436.50. The stock has a market cap of $4.97 billion, a P/E ratio of 35.35 and a beta of 0.80.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping 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, equities analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Friday, January 31st. CSW Industrials's dividend payout ratio is currently 11.47%.

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.