Alliancebernstein L.P. Decreases Stock Holdings in CSW Industrials, Inc. $CSW

Key Points

• Alliancebernstein L.P. has reduced its stake in CSW Industrials, Inc. by 16.6% during the first quarter, now holding approximately 267,418 shares worth $77.96 million.
• Insider selling activity includes James E. Perry and Don Sullivan, who sold a combined total of over 1,200 shares, resulting in decreases of 0.57% and 4.50% in their positions, respectively.
• CSW Industrials recently announced a quarterly dividend of $0.27, indicating a **12.90%** payout ratio, and reported beating earnings estimates with **$2.85 EPS** for the last quarter.

Alliancebernstein L.P. decreased its position in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 16.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 267,418 shares of the basic materials company's stock after selling 53,128 shares during the quarter. Alliancebernstein L.P. owned 1.59% of CSW Industrials worth $77,958,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Champlain Investment Partners LLC purchased a new position in CSW Industrials during the 1st quarter worth approximately $81,194,000. GAMMA Investing LLC increased its stake in shares of CSW Industrials by 63,348.5% in the first quarter. GAMMA Investing LLC now owns 86,290 shares of the basic materials company's stock worth $25,155,000 after acquiring an additional 86,154 shares during the period. Nuveen LLC purchased a new position in shares of CSW Industrials during the first quarter worth $24,711,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in CSW Industrials by 34.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 316,464 shares of the basic materials company's stock valued at $92,256,000 after purchasing an additional 81,139 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in CSW Industrials by 1,539.2% in the first quarter. Federated Hermes Inc. now owns 68,766 shares of the basic materials company's stock valued at $20,047,000 after purchasing an additional 64,571 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CSW shares. Citigroup lifted their price objective on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Wells Fargo & Company reduced their price target on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Truist Financial set a $273.00 price target on CSW Industrials and gave the company a "hold" rating in a report on Tuesday, August 5th. Finally, Zacks Research raised shares of CSW Industrials from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $319.75.

CSW Industrials Price Performance

NYSE CSW traded down $4.10 during trading hours on Friday, reaching $250.74. The company's stock had a trading volume of 101,531 shares, compared to its average volume of 148,319. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 29.96 and a beta of 0.91. The company's 50-day moving average is $273.29 and its two-hundred day moving average is $292.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 1.48. CSW Industrials, Inc. has a 1-year low of $241.99 and a 1-year high of $436.50.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%.The business had revenue of $263.65 million during the quarter, compared to the consensus estimate of $278.27 million. On average, equities analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials's dividend payout ratio is currently 12.90%.

Insider Activity at CSW Industrials

In other news, EVP Don Sullivan sold 1,067 shares of CSW Industrials stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $283.14, for a total value of $302,110.38. Following the sale, the executive vice president directly owned 22,641 shares of the company's stock, valued at $6,410,572.74. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP James E. Perry sold 145 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $275.05, for a total value of $39,882.25. Following the completion of the transaction, the executive vice president directly owned 25,178 shares of the company's stock, valued at approximately $6,925,208.90. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,412 shares of company stock worth $1,247,397 in the last quarter. Company insiders own 1.30% 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.