Capital International Investors Has $82.67 Million Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Capital International Investors cut its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 234,315 shares of the basic materials company's stock after selling 19,456 shares during the quarter. Capital International Investors owned 1.40% of CSW Industrials worth $82,666,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of CSW Industrials during the fourth quarter worth $18,197,000. Blue Trust Inc. increased its stake in CSW Industrials by 25.3% in the 4th quarter. Blue Trust Inc. now owns 361 shares of the basic materials company's stock worth $132,000 after purchasing an additional 73 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in CSW Industrials by 5.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company's stock worth $291,000 after buying an additional 46 shares during the period. Congress Asset Management Co. lifted 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 in the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in shares of CSW Industrials by 40.0% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,500 shares of the basic materials company's stock worth $1,235,000 after buying an additional 1,000 shares during the period. Institutional investors own 82.79% of the company's stock.

Analyst Upgrades and Downgrades

CSWI has been the subject of several research analyst reports. The Goldman Sachs Group reduced their price target on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. 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 for the company. StockNews.com lowered CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Wells Fargo & Company decreased their price objective 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. Finally, 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 report on Monday, April 14th. Five equities 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 a consensus rating of "Hold" and a consensus price target of $342.50.

CSW Industrials Stock Down 1.0 %

Shares of CSWI traded down $3.07 during midday trading on Friday, reaching $310.97. 20,526 shares of the stock were exchanged, compared to its average volume of 134,856. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 37.15 and a beta of 0.88. The firm has a 50 day simple moving average of $294.55 and a 200-day simple moving average of $348.15. CSW Industrials, Inc. has a 12-month low of $232.20 and a 12-month high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its quarterly earnings results 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 net margin of 15.53% and a return on equity of 15.72%. Research analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently declared 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. This represents a $1.08 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Friday, April 25th. This is an increase from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's dividend payout ratio is 12.90%.

Insider Activity

In other news, 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 value of $289,970.00. Following the transaction, the chief executive officer now owns 46,848 shares of the company's stock, valued at $13,584,514.56. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Luke Alverson sold 919 shares of the firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $303.21, for a total transaction of $278,649.99. Following the completion of the transaction, the senior vice president now owns 14,353 shares in the company, valued at $4,351,973.13. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have 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.