CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP reduced its position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 58.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,499 shares of the basic materials company's stock after selling 2,075 shares during the period. Bridgewater Associates LP's holdings in CSW Industrials were worth $529,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC boosted its position in shares of CSW Industrials by 35,553.3% during the 4th quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock valued at $71,320,000 after purchasing an additional 201,587 shares in the last quarter. Norges Bank bought a new position in CSW Industrials during the fourth quarter valued at about $59,250,000. Riverbridge Partners LLC purchased a new position in CSW Industrials in the fourth quarter valued at approximately $42,202,000. Principal Financial Group Inc. grew its stake in shares of CSW Industrials by 1,046.2% during the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company's stock worth $31,140,000 after acquiring an additional 77,576 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of CSW Industrials by 2,006.7% during the third quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company's stock worth $22,702,000 after acquiring an additional 54,882 shares in the last quarter. Institutional investors own 82.79% of the company's stock.

Insider Transactions at CSW Industrials

In related news, EVP Don Sullivan sold 2,222 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $649,090.64. Following the completion of the sale, the executive vice president now directly owns 24,853 shares of the company's stock, valued at approximately $7,260,058.36. This trade represents a 8.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James E. Perry sold 145 shares of the business's 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold 8,631 shares of company stock valued at $2,551,912 over the last 90 days. Corporate insiders own 1.40% of the company's stock.

CSW Industrials Stock Performance

CSWI stock traded down $4.06 during mid-day trading on Friday, reaching $309.98. The company had a trading volume of 15,496 shares, compared to its average volume of 134,841. CSW Industrials, Inc. has a fifty-two week low of $232.20 and a fifty-two week high of $436.50. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 37.03 and a beta of 0.88. The firm has a fifty day simple moving average of $294.55 and a 200 day simple moving average of $348.15.

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

CSW Industrials Increases Dividend

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

Analysts Set New Price Targets

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

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.