CSW Industrials, Inc. (NASDAQ:CSWI) Holdings Raised by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC grew its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 2,123.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,094 shares of the basic materials company's stock after acquiring an additional 12,505 shares during the period. Beacon Pointe Advisors LLC owned about 0.08% of CSW Industrials worth $4,620,000 as of its most recent SEC filing.

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

Insider Transactions at CSW Industrials

In other news, CFO James E. Perry sold 145 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $307.77, for a total value of $44,626.65. Following the completion of the sale, the chief financial officer now owns 23,282 shares of the company's stock, valued at $7,165,501.14. This trade represents a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $312.87, for a total value of $62,574.00. Following the transaction, the director now owns 12,919 shares in the company, valued at $4,041,967.53. This represents a 1.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,776 shares of company stock valued at $2,595,496 over the last ninety days. Corporate insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

CSWI has been the subject of a number of research analyst reports. Citigroup reduced their price target on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. StockNews.com lowered CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. The Goldman Sachs Group dropped their price objective 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 cut their price objective on CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Finally, Truist Financial started coverage on CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $342.50.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI traded down $0.77 during trading on Monday, hitting $320.18. The company had a trading volume of 14,694 shares, compared to its average volume of 134,879. The company has a market cap of $5.37 billion, a P/E ratio of 38.25 and a beta of 0.96. The business's 50-day moving average is $295.35 and its 200 day moving average is $344.67. CSW Industrials, Inc. has a 52 week low of $239.67 and a 52 week high of $436.50.

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

CSW Industrials Increases Dividend

The company 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 $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.34%. 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 (DPR) is presently 12.90%.

CSW Industrials Company 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.