Wasatch Advisors LP Trims Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Wasatch Advisors LP reduced its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427,304 shares of the basic materials company's stock after selling 10,879 shares during the quarter. Wasatch Advisors LP owned about 2.55% of CSW Industrials worth $150,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CSWI. HighTower Advisors LLC grew its position in CSW Industrials by 1.4% in the third quarter. HighTower Advisors LLC now owns 3,524 shares of the basic materials company's stock worth $1,279,000 after acquiring an additional 47 shares in the last quarter. Morse Asset Management Inc raised its stake in shares of CSW Industrials by 2.3% during the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company's stock worth $594,000 after acquiring an additional 36 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of CSW Industrials by 14.7% in the 3rd quarter. Stifel Financial Corp now owns 8,505 shares of the basic materials company's stock worth $3,116,000 after acquiring an additional 1,093 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of CSW Industrials in the 3rd quarter valued at $28,000. Finally, MML Investors Services LLC grew its holdings in shares of CSW Industrials by 4.8% during the 3rd quarter. MML Investors Services LLC now owns 1,612 shares of the basic materials company's stock valued at $591,000 after purchasing an additional 74 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert M. Swartz sold 200 shares of the business'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 sale, the director now owns 13,519 shares in the company, valued at approximately $4,350,143.82. The trade was a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Luke Alverson sold 919 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $303.21, for a total transaction of $278,649.99. Following the completion of the transaction, the senior vice president now directly owns 14,353 shares of the company's stock, valued at approximately $4,351,973.13. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,631 shares of company stock valued at $2,551,912. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

CSW Industrials Stock Performance

Shares of CSWI stock traded up $3.07 during mid-day trading on Friday, hitting $298.43. The company's stock had a trading volume of 68,468 shares, compared to its average volume of 134,869. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 35.65 and a beta of 0.88. The business has a 50-day moving average price of $295.74 and a 200 day moving average price of $350.01. CSW Industrials, Inc. has a 52-week low of $231.09 and a 52-week high of $436.50.

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, topping analysts' consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. Equities research analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Friday, April 25th. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's payout ratio is currently 12.90%.

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.