Bank of America Corp DE Sells 18,208 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Bank of America Corp DE trimmed its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 21.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 66,958 shares of the basic materials company's stock after selling 18,208 shares during the quarter. Bank of America Corp DE owned about 0.40% of CSW Industrials worth $23,623,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CSWI. Raymond James Financial Inc. acquired a new stake in CSW Industrials during the fourth quarter worth about $18,197,000. Blue Trust Inc. grew its stake in CSW Industrials by 25.3% during the fourth quarter. Blue Trust Inc. now owns 361 shares of the basic materials company's stock worth $132,000 after buying an additional 73 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in CSW Industrials by 5.9% during the fourth 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 in the last quarter. Congress Asset Management Co. grew 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 worth $72,745,000 after buying an additional 2,544 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its stake in CSW Industrials by 40.0% during 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 in the last quarter. 82.79% of the stock is owned by institutional investors.

CSW Industrials Price Performance

NASDAQ CSWI traded down $1.25 during trading hours on Friday, reaching $300.91. The company's stock had a trading volume of 192,411 shares, compared to its average volume of 135,985. The firm has a fifty day simple moving average of $302.16 and a 200-day simple moving average of $339.65. The stock has a market cap of $5.05 billion, a P/E ratio of 35.95 and a beta of 0.96. CSW Industrials, Inc. has a 52 week low of $248.90 and a 52 week high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.23 by $0.01. The business had revenue of $230.55 million during the quarter, compared to analyst estimates of $232.82 million. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. During the same quarter last year, the business earned $2.04 EPS. On average, research analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were given a $0.27 dividend. The ex-dividend date was Friday, April 25th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.36%. This is an increase from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's payout ratio is 12.90%.

Wall Street Analysts Forecast Growth

CSWI has been the topic of a number of research analyst reports. Citigroup raised their price target on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research note on Friday. Wells Fargo & Company raised their price target on shares of CSW Industrials from $295.00 to $305.00 and gave the company an "equal weight" rating in a research note on Friday. Wall Street Zen downgraded shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Truist Financial initiated coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a "hold" rating and a $362.00 price target on the stock. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, CSW Industrials currently has an average rating of "Hold" and a consensus target price of $347.00.

Insider Transactions at CSW Industrials

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $307.21, for a total transaction of $61,442.00. Following the transaction, the director now directly owns 13,319 shares of the company's stock, valued at $4,091,729.99. The trade was a 1.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James E. Perry sold 145 shares of CSW Industrials stock in a transaction on 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 directly owns 23,282 shares in the company, valued at $7,165,501.14. This represents a 0.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,276 shares of company stock worth $3,093,736. Company 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.