Swiss National Bank Purchases 2,400 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Swiss National Bank lifted its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,749 shares of the basic materials company's stock after buying an additional 2,400 shares during the period. Swiss National Bank owned approximately 0.20% of CSW Industrials worth $11,554,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in CSW Industrials by 18.8% in 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 buying an additional 4,945 shares during the period. Avantax Advisory Services Inc. increased its stake in CSW Industrials by 5.9% in the fourth 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 lifted its stake in CSW Industrials by 7.7% during the fourth quarter. HighTower Advisors LLC now owns 3,796 shares of the basic materials company's stock worth $1,339,000 after purchasing an additional 272 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CSW Industrials by 4.5% in 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 purchasing an additional 123 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of CSW Industrials in the 4th quarter valued at $7,606,000. Institutional investors and hedge funds own 82.79% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com downgraded CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Citigroup reduced 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 note on Monday, January 13th. Truist Financial assumed coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a "hold" rating and a $362.00 price objective for the company. Wells Fargo & Company decreased 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 research note on Friday, January 31st. Finally, 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. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $379.00.

CSW Industrials Trading Up 3.2 %

NASDAQ:CSWI traded up $9.34 during mid-day trading on Monday, hitting $302.13. 119,767 shares of the company's stock were exchanged, compared to its average volume of 123,961. CSW Industrials, Inc. has a fifty-two week low of $225.83 and a fifty-two week high of $436.50. The firm has a market capitalization of $5.07 billion, a P/E ratio of 36.10 and a beta of 0.80. The company has a 50 day simple moving average of $324.96 and a 200-day simple moving average of $358.64.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings results 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 net margin of 15.53% and a return on equity of 15.72%. As a group, analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.24 dividend. The ex-dividend date of this dividend 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 presently 11.47%.

Insider Activity

In other news, EVP Don Sullivan sold 1,800 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $377.58, for a total value of $679,644.00. Following the sale, the executive vice president now directly owns 29,004 shares of the company's stock, valued at approximately $10,951,330.32. This represents a 5.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO James E. Perry sold 145 shares of CSW Industrials stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $307.77, for a total transaction of $44,626.65. Following the transaction, the chief financial officer now directly owns 23,282 shares of the company's stock, valued at $7,165,501.14. This represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,389 shares of company stock valued at $3,104,831. Company 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.