4D Advisors LLC Cuts Stock Position in CSW Industrials, Inc. $CSW

Key Points

• 4D Advisors LLC reduced its stake in CSW Industrials by 15.4%, holding 5,500 shares valued at approximately $1.6 million as of the end of the last quarter.
• Multiple investment firms, including Mitsubishi UFJ Asset Management and Versant Capital Management, significantly increased their stakes in CSW Industrials, indicating shifting investment interest among institutional investors.
• CSW Industrials recently reported a quarterly EPS of $2.85, surpassing analysts' expectations, though revenue fell short of estimates at $263.65 million.

4D Advisors LLC decreased its position in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 15.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,500 shares of the basic materials company's stock after selling 1,000 shares during the period. 4D Advisors LLC's holdings in CSW Industrials were worth $1,603,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Northern Trust Corp lifted its position in shares of CSW Industrials by 5.6% during the 4th quarter. Northern Trust Corp now owns 217,655 shares of the basic materials company's stock valued at $76,789,000 after buying an additional 11,465 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in CSW Industrials in the 4th quarter worth about $366,000. AXA S.A. bought a new stake in CSW Industrials in the 4th quarter valued at about $3,261,000. Algert Global LLC lifted its holdings in CSW Industrials by 229.1% during the fourth quarter. Algert Global LLC now owns 7,384 shares of the basic materials company's stock valued at $2,605,000 after purchasing an additional 5,140 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in CSW Industrials by 5.7% during the fourth quarter. Ameriprise Financial Inc. now owns 76,592 shares of the basic materials company's stock valued at $27,021,000 after purchasing an additional 4,157 shares during the last quarter. 82.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Don Sullivan sold 1,067 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $283.14, for a total value of $302,110.38. Following the transaction, the executive vice president directly owned 22,641 shares in the company, valued at approximately $6,410,572.74. This represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $294.92, for a total transaction of $294,920.00. Following the completion of the sale, the chief executive officer directly owned 63,522 shares in the company, valued at $18,733,908.24. This represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,412 shares of company stock worth $1,247,397 over the last three months. Company insiders own 1.30% of the company's stock.

CSW Industrials Price Performance

Shares of CSW traded down $0.99 during mid-day trading on Friday, reaching $264.96. 195,644 shares of the stock traded hands, compared to its average volume of 166,201. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 31.66 and a beta of 0.91. CSW Industrials, Inc. has a 1 year low of $241.99 and a 1 year high of $436.50. The firm has a fifty day moving average price of $278.27 and a 200 day moving average price of $293.91. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating 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 company had revenue of $263.65 million during the quarter, compared to analyst estimates of $278.27 million. As a group, equities research analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on CSW. Zacks Research upgraded shares of CSW Industrials from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 2nd. Citigroup lifted their price objective on shares of 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 dropped their target price on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Finally, Truist Financial set a $273.00 price target on CSW Industrials and gave the stock a "hold" rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $319.75.

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.