Hsbc Holdings PLC increased its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 254.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,104 shares of the basic materials company's stock after buying an additional 5,099 shares during the quarter. Hsbc Holdings PLC's holdings in CSW Industrials were worth $2,506,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of CSW Industrials by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company's stock valued at $653,638,000 after purchasing an additional 29,488 shares during the last quarter. Geode Capital Management LLC lifted its stake in CSW Industrials by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company's stock worth $138,983,000 after purchasing an additional 4,899 shares in the last quarter. Congress Asset Management Co. boosted its stake in CSW Industrials by 1.2% during the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company's stock valued at $72,745,000 after buying an additional 2,544 shares during the period. 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 acquiring an additional 201,587 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in CSW Industrials by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 175,131 shares of the basic materials company's stock valued at $61,786,000 after purchasing an additional 6,762 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company's stock.
CSW Industrials Price Performance
NASDAQ CSWI traded up $4.70 during trading hours on Friday, hitting $320.94. The company's stock had a trading volume of 77,854 shares, compared to its average volume of 135,359. The company's 50 day simple moving average is $295.35 and its two-hundred day simple moving average is $344.99. CSW Industrials, Inc. has a 12 month low of $239.67 and a 12 month high of $436.50. The company has a market cap of $5.39 billion, a P/E ratio of 38.34 and a beta of 0.96.
CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued 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 return on equity of 15.72% and a net margin of 15.53%. As a group, research analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.
CSW Industrials Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.34%. This is a positive change 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%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. 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. Truist Financial assumed coverage on CSW Industrials in a research note on Friday, February 14th. They set a "hold" rating and a $362.00 target price on the stock. Citigroup decreased 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. The Goldman Sachs Group lowered their price objective on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Finally, StockNews.com cut CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $342.50.
View Our Latest Analysis on CSW Industrials
Insider Activity
In other news, EVP Don Sullivan sold 2,222 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $292.12, for a total transaction of $649,090.64. Following the completion of the transaction, the executive vice president now directly owns 24,853 shares in the company, valued at approximately $7,260,058.36. This represents a 8.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Luke Alverson sold 1,100 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $292.12, for a total value of $321,332.00. Following the completion of the sale, the senior vice president now directly owns 13,434 shares of the company's stock, valued at $3,924,340.08. The trade was a 7.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,976 shares of company stock valued at $2,659,852 in the last ninety days. Corporate insiders own 1.40% of the company's stock.
About CSW Industrials
(
Free Report)
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.
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