First Trust Advisors LP Acquires 8,566 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

First Trust Advisors LP increased its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 27.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,373 shares of the basic materials company's stock after buying an additional 8,566 shares during the period. First Trust Advisors LP owned 0.23% of CSW Industrials worth $13,891,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co boosted its stake in CSW Industrials by 1.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 22,740 shares of the basic materials company's stock worth $8,020,000 after purchasing an additional 366 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of CSW Industrials by 9.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,248 shares of the basic materials company's stock worth $440,000 after buying an additional 103 shares in the last quarter. XTX Topco Ltd bought a new position in shares of CSW Industrials in the fourth quarter worth approximately $614,000. Mariner LLC grew its holdings in shares of CSW Industrials by 2.1% during the fourth quarter. Mariner LLC now owns 2,204 shares of the basic materials company's stock valued at $778,000 after buying an additional 45 shares during the last quarter. Finally, Barclays PLC increased its position in shares of CSW Industrials by 18.2% during the fourth quarter. Barclays PLC now owns 34,595 shares of the basic materials company's stock valued at $12,204,000 after acquiring an additional 5,323 shares in the last quarter. Institutional investors own 82.79% of the company's stock.

Insider Buying and Selling at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $307.21, for a total transaction of $61,442.00. Following the completion of the transaction, the director now directly owns 13,319 shares in the company, valued at approximately $4,091,729.99. The trade was a 1.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James E. Perry sold 145 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer now owns 23,282 shares in the company, valued at approximately $7,165,501.14. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,631 shares of company stock valued at $2,551,912. Company insiders own 1.40% of the company's stock.

Analyst Ratings Changes

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

CSW Industrials Stock Performance

Shares of NASDAQ CSWI traded up $10.66 during midday trading on Friday, hitting $326.90. 17,034 shares of the company's stock traded hands, compared to its average volume of 134,638. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 39.02 and a beta of 0.88. The firm has a fifty day moving average of $295.00 and a 200 day moving average of $345.82. CSW Industrials, Inc. has a 1 year low of $239.67 and a 1 year 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 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%. On average, equities analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The business 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. 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. This represents a $1.08 annualized dividend and a yield of 0.33%. CSW Industrials's 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.