MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $41.44 Million Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,472 shares of the basic materials company's stock after purchasing an additional 6,213 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.70% of CSW Industrials worth $41,444,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Atria Investments Inc grew its stake in CSW Industrials by 1.4% in the 4th quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company's stock worth $835,000 after acquiring an additional 32 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in CSW Industrials by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company's stock worth $1,388,000 after buying an additional 34 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in CSW Industrials by 1.0% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,590 shares of the basic materials company's stock worth $1,267,000 after buying an additional 35 shares in the last quarter. OLD National Bancorp IN raised its stake in shares of CSW Industrials by 3.9% in the 4th quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company's stock valued at $346,000 after purchasing an additional 37 shares in the last quarter. Finally, TCTC Holdings LLC raised its stake in shares of CSW Industrials by 2.3% in the 4th quarter. TCTC Holdings LLC now owns 1,841 shares of the basic materials company's stock valued at $650,000 after purchasing an additional 41 shares in the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Stock Performance

Shares of NASDAQ:CSWI traded up $4.06 during mid-day trading on Friday, hitting $331.23. The stock had a trading volume of 67,997 shares, compared to its average volume of 135,937. The company has a market cap of $5.56 billion, a PE ratio of 39.57 and a beta of 0.96. The company's 50 day moving average is $299.66 and its 200-day moving average is $341.34. CSW Industrials, Inc. has a 12-month low of $239.67 and a 12-month high of $436.50.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.33%. The ex-dividend date was Friday, April 25th. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's dividend payout ratio is currently 12.90%.

Insider Buying and Selling at CSW Industrials

In other news, SVP Luke Alverson sold 1,100 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $321,332.00. Following the transaction, the senior vice president now owns 13,434 shares in the company, valued at $3,924,340.08. This represents a 7.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $289.97, for a total transaction of $289,970.00. Following the sale, the chief executive officer now directly owns 46,848 shares of the company's stock, valued at approximately $13,584,514.56. This represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,276 shares of company stock worth $3,093,736. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CSWI shares. StockNews.com downgraded shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Wells Fargo & Company reduced their price target 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. Citigroup cut their target price 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. Finally, Truist Financial began coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a "hold" rating and a $362.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $342.50.

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.