Dimensional Fund Advisors LP Sells 48,771 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Dimensional Fund Advisors LP trimmed its position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 307,420 shares of the basic materials company's stock after selling 48,771 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.83% of CSW Industrials worth $108,460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSWI. Vanguard Group Inc. boosted its position in shares of CSW Industrials by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company's stock worth $653,638,000 after purchasing an additional 29,488 shares in the last quarter. Geode Capital Management LLC lifted its holdings in CSW Industrials by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company's stock worth $138,983,000 after acquiring an additional 4,899 shares in the last quarter. Congress Asset Management Co. grew its stake in CSW Industrials by 1.2% in 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 acquiring an additional 2,544 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of CSW Industrials by 35,553.3% in the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock worth $71,320,000 after acquiring an additional 201,587 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of 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 worth $61,786,000 after purchasing an additional 6,762 shares during the period. 82.79% of the stock is owned by institutional investors.

CSW Industrials Trading Up 3.3 %

Shares of CSW Industrials stock traded up $10.50 during trading on Friday, hitting $326.74. 21,699 shares of the stock were exchanged, compared to its average volume of 123,971. CSW Industrials, Inc. has a 1-year low of $239.67 and a 1-year high of $436.50. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 39.04 and a beta of 0.88. The company has a fifty day moving average price of $295.00 and a 200-day moving average price of $345.82.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. Equities research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Increases Dividend

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.21, for a total value of $61,442.00. Following the completion of the sale, the director now owns 13,319 shares of the company's stock, valued at $4,091,729.99. The trade was a 1.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $289.97, for a total transaction of $289,970.00. Following the completion of the transaction, the chief executive officer now directly owns 46,848 shares in the company, valued at $13,584,514.56. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,631 shares of company stock valued at $2,551,912. 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.