CSW Industrials, Inc. (NASDAQ:CSWI) Holdings Reduced by Capital World Investors

Capital World Investors lowered its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 556,839 shares of the basic materials company's stock after selling 36,331 shares during the quarter. Capital World Investors owned approximately 3.32% of CSW Industrials worth $196,453,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of CSW Industrials during the 4th quarter worth $18,197,000. Blue Trust Inc. increased its stake in CSW Industrials by 25.3% in the fourth quarter. Blue Trust Inc. now owns 361 shares of the basic materials company's stock valued at $132,000 after purchasing an additional 73 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in CSW Industrials by 5.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company's stock worth $291,000 after buying an additional 46 shares during the period. Congress Asset Management Co. boosted its stake in CSW Industrials by 1.2% in the 4th quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company's stock worth $72,745,000 after buying an additional 2,544 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its holdings in CSW Industrials by 40.0% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,500 shares of the basic materials company's stock valued at $1,235,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 82.79% of the company's stock.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $298.03, for a total value of $298,030.00. Following the completion of the transaction, the chief executive officer now directly owns 66,522 shares in the company, valued at $19,825,551.66. The trade was a 1.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert M. Swartz sold 200 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $307.21, for a total value of $61,442.00. Following the sale, the director now owns 13,319 shares in the company, valued at $4,091,729.99. The trade was a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,631 shares of company stock worth $2,551,912. 1.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

CSWI has been the topic of several recent analyst reports. Citigroup cut their price objective on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Truist Financial assumed coverage on shares of CSW Industrials in a report on Friday, February 14th. They issued a "hold" rating and a $362.00 price target on the stock. StockNews.com downgraded CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. The Goldman Sachs Group reduced their target price on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Finally, Wells Fargo & Company dropped their price target on 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. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $342.50.

CSW Industrials Trading Down 0.7 %

CSWI stock traded down $2.21 during trading on Friday, reaching $312.09. The stock had a trading volume of 57,488 shares, compared to its average volume of 135,300. CSW Industrials, Inc. has a 1-year low of $237.19 and a 1-year high of $436.50. The company has a market capitalization of $5.24 billion, a P/E ratio of 37.29 and a beta of 0.88. The firm has a fifty day moving average price of $294.40 and a 200 day moving average price of $347.75.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating 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%. Sell-side analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.35%. This is a boost from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date is Friday, April 25th. CSW Industrials's dividend payout ratio is 12.90%.

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.