T. Rowe Price Investment Management Inc. Sells 84,577 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

T. Rowe Price Investment Management Inc. trimmed its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 31.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,361 shares of the basic materials company's stock after selling 84,577 shares during the period. T. Rowe Price Investment Management Inc. owned 1.10% of CSW Industrials worth $65,396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. IFP Advisors Inc grew its holdings in CSW Industrials by 510.5% during the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock worth $42,000 after acquiring an additional 97 shares during the period. GAMMA Investing LLC grew its stake in shares of CSW Industrials by 94.3% during the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock worth $48,000 after purchasing an additional 66 shares during the period. SBI Securities Co. Ltd. bought a new stake in CSW Industrials in the fourth quarter valued at about $51,000. Jones Financial Companies Lllp increased its holdings in CSW Industrials by 300.0% in the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 123 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in CSW Industrials by 49.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company's stock valued at $83,000 after buying an additional 76 shares during the period. 82.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CSWI. Citigroup lowered their price target on CSW Industrials from $364.00 to $313.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company lowered their target price on shares of CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group reduced their price target on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Truist Financial initiated coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued a "hold" rating and a $362.00 price objective for the company. Finally, StockNews.com downgraded CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, CSW Industrials presently has a consensus rating of "Hold" and an average price target of $342.50.

CSW Industrials Stock Down 0.7 %

Shares of CSWI stock opened at $312.09 on Friday. CSW Industrials, Inc. has a 12-month low of $237.19 and a 12-month high of $436.50. The firm has a fifty day moving average of $294.40 and a 200-day moving average of $347.75. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 37.29 and a beta of 0.88.

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

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, April 25th. This represents a $1.08 dividend on an annualized basis and a yield of 0.35%. This is an increase from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's dividend payout ratio is 12.90%.

Insider Transactions at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $321.78, for a total value of $64,356.00. Following the completion of the transaction, the director now owns 13,519 shares of the company's stock, valued at approximately $4,350,143.82. This trade represents a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James E. Perry sold 145 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now owns 23,282 shares of the company's stock, valued at $7,165,501.14. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,631 shares of company stock valued at $2,551,912 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.