CSW Industrials, Inc. (NASDAQ:CSWI) Holdings Trimmed by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its holdings in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 52.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,204 shares of the basic materials company's stock after selling 1,314 shares during the period. Cresset Asset Management LLC's holdings in CSW Industrials were worth $425,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Atria Investments Inc increased its holdings in shares of CSW Industrials by 1.4% in the 4th quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company's stock worth $835,000 after acquiring an additional 32 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of CSW Industrials by 0.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company's stock valued at $1,388,000 after buying an additional 34 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of CSW Industrials by 1.0% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,590 shares of the basic materials company's stock valued at $1,267,000 after buying an additional 35 shares during the last quarter. OLD National Bancorp IN boosted its position in shares of CSW Industrials by 3.9% during the fourth quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company's stock worth $346,000 after buying an additional 37 shares during the period. Finally, TCTC Holdings LLC grew its holdings in CSW Industrials by 2.3% in the 4th quarter. TCTC Holdings LLC now owns 1,841 shares of the basic materials company's stock worth $650,000 after buying an additional 41 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CSWI shares. Wells Fargo & Company cut their target price 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. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. 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 target price for the company. Finally, Citigroup dropped their price target on shares of 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $342.50.

CSW Industrials Trading Down 1.1%

NASDAQ:CSWI traded down $3.64 during mid-day trading on Monday, reaching $327.59. 60,535 shares of the stock were exchanged, compared to its average volume of 135,896. The business has a fifty day moving average price of $299.66 and a 200 day moving average price of $341.12. CSW Industrials, Inc. has a 1-year low of $240.21 and a 1-year high of $436.50. The firm has a market capitalization of $5.50 billion, a PE ratio of 39.14 and a beta of 0.96.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were given a dividend of $0.27 per share. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date was Friday, April 25th. This represents a $1.08 annualized dividend and a dividend yield of 0.33%. CSW Industrials's dividend payout ratio (DPR) is 12.90%.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $289.97, for a total transaction of $289,970.00. Following the sale, the chief executive officer now directly owns 46,848 shares of the company's stock, valued at $13,584,514.56. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Don Sullivan sold 2,222 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $292.12, for a total value of $649,090.64. Following 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 represents a 8.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,276 shares of company stock valued at $3,093,736 in the last quarter. 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.