CSW Industrials, Inc. (NASDAQ:CSWI) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. lifted its position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 26.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,195 shares of the basic materials company's stock after purchasing an additional 882 shares during the quarter. Federated Hermes Inc.'s holdings in CSW Industrials were worth $1,480,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. National Bank of Canada FI purchased a new position in shares of CSW Industrials during the 3rd quarter worth about $28,000. IFP Advisors Inc lifted its holdings in CSW Industrials by 510.5% during the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock valued at $42,000 after buying an additional 97 shares in the last quarter. GAMMA Investing LLC increased its holdings in CSW Industrials by 94.3% during the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock worth $48,000 after purchasing an additional 66 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of CSW Industrials during the fourth quarter valued at $51,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of CSW Industrials by 300.0% in the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 123 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CFO James E. Perry sold 145 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $307.77, for a total transaction of $44,626.65. Following the transaction, the chief financial officer now owns 23,282 shares of the company's stock, valued at approximately $7,165,501.14. This trade represents a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $307.21, for a total value of $61,442.00. Following the transaction, the director now owns 13,319 shares in the company, valued at $4,091,729.99. This represents a 1.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,631 shares of company stock worth $2,551,912. 1.40% of the stock is currently owned by insiders.

CSW Industrials Price Performance

Shares of CSWI stock traded up $3.07 during trading on Friday, hitting $298.43. 68,468 shares of the stock traded hands, compared to its average volume of 134,869. The firm has a market capitalization of $5.01 billion, a P/E ratio of 35.65 and a beta of 0.88. CSW Industrials, Inc. has a 52-week low of $231.09 and a 52-week high of $436.50. The firm's fifty day moving average price is $295.74 and its 200-day moving average price is $350.01.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping 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%. As a group, equities research analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be paid a $0.27 dividend. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Friday, April 25th. CSW Industrials's dividend payout ratio is currently 12.90%.

Analysts Set New Price Targets

CSWI has been the subject of several analyst reports. Citigroup decreased their price objective on 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 report on Tuesday, January 14th. Truist Financial assumed coverage on CSW Industrials in a report on Friday, February 14th. They issued a "hold" rating and a $362.00 price objective on the stock. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company decreased their price objective on CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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.