Ethic Inc. Takes Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Ethic Inc. bought a new stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,734 shares of the basic materials company's stock, valued at approximately $612,000.

Several other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in CSW Industrials in the fourth quarter valued at approximately $18,197,000. Blue Trust Inc. raised its stake in shares of CSW Industrials by 25.3% during the 4th quarter. Blue Trust Inc. now owns 361 shares of the basic materials company's stock worth $132,000 after buying an additional 73 shares during the period. Avantax Advisory Services Inc. lifted its position in shares of CSW Industrials by 5.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company's stock valued at $291,000 after buying an additional 46 shares in the last quarter. Congress Asset Management Co. grew its stake in CSW Industrials by 1.2% in the 4th 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. Finally, U.S. Capital Wealth Advisors LLC grew its stake in CSW Industrials by 40.0% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,500 shares of the basic materials company's stock valued at $1,235,000 after acquiring an additional 1,000 shares during the period. 82.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CSW Industrials news, EVP Don Sullivan sold 2,222 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 $649,090.64. Following the completion of the transaction, the executive vice president now owns 24,853 shares of the company's stock, valued at $7,260,058.36. This trade represents a 8.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $312.87, for a total value of $62,574.00. Following the completion of the transaction, the director now owns 12,919 shares of the company's stock, valued at $4,041,967.53. The trade was a 1.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,276 shares of company stock worth $3,093,736 over the last three months. Company insiders own 1.40% of the company's stock.

CSW Industrials Stock Down 0.7%

NASDAQ CSWI traded down $2.45 on Tuesday, reaching $325.14. The stock had a trading volume of 12,601 shares, compared to its average volume of 135,408. The stock has a fifty day moving average price of $300.39 and a two-hundred day moving average price of $340.91. CSW Industrials, Inc. has a 12-month low of $240.21 and a 12-month high of $436.50. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 38.85 and a beta of 0.96.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were given a $0.27 dividend. 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%. The ex-dividend date was Friday, April 25th. CSW Industrials's payout ratio is currently 12.90%.

Wall Street Analyst Weigh In

CSWI has been the subject of a number of research reports. Truist Financial assumed 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. Citigroup lowered their price objective on CSW Industrials from $364.00 to $313.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company reduced their target price 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. Finally, StockNews.com downgraded CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $342.50.

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.