CSW Industrials, Inc. $CSW Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC significantly reduced its holdings in CSW Industrials by 72.7%, now owning 1,941 shares valued at approximately $560,000.
• Equities analysts have set various price targets for CSW Industrials, with Truist Financial at $273.00 and Citigroup increasing theirs to $321.00, indicating a general trend of Hold ratings for the stock.
• CSW Industrials recently announced a quarterly dividend of $0.27 per share, reflecting an annualized amount of $1.08 and a yield of 0.4%.

Hsbc Holdings PLC lessened its holdings in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 72.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,941 shares of the basic materials company's stock after selling 5,163 shares during the quarter. Hsbc Holdings PLC's holdings in CSW Industrials were worth $560,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. GAMMA Investing LLC raised its stake in CSW Industrials by 117.6% during the first quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock worth $86,000 after acquiring an additional 160 shares during the period. KBC Group NV lifted its holdings in shares of CSW Industrials by 19.0% in the 1st quarter. KBC Group NV now owns 840 shares of the basic materials company's stock worth $245,000 after purchasing an additional 134 shares during the last quarter. Fifth Third Bancorp boosted its position in CSW Industrials by 9.3% during the 1st quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company's stock valued at $117,000 after purchasing an additional 34 shares during the period. Envestnet Asset Management Inc. grew its stake in CSW Industrials by 13.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 60,449 shares of the basic materials company's stock worth $17,622,000 after buying an additional 7,348 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in CSW Industrials by 12.6% in the first quarter. HighTower Advisors LLC now owns 4,276 shares of the basic materials company's stock worth $1,246,000 after buying an additional 480 shares during the period. 82.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CSW shares. Truist Financial set a $273.00 price target on shares of CSW Industrials and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Citigroup upped their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company reduced their price objective 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. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, CSW Industrials currently has an average rating of "Hold" and an average price target of $319.75.

Insider Transactions at CSW Industrials

In other news, EVP Don Sullivan sold 1,067 shares of the firm's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $283.14, for a total transaction of $302,110.38. Following the completion of the transaction, the executive vice president owned 22,641 shares in the company, valued at approximately $6,410,572.74. This trade represents a 4.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $250.37, for a total transaction of $50,074.00. Following the completion of the transaction, the director directly owned 12,319 shares in the company, valued at $3,084,308.03. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,412 shares of company stock valued at $1,247,397 in the last three months. 1.30% of the stock is currently owned by insiders.

CSW Industrials Trading Up 0.4%

Shares of NYSE:CSW opened at $274.28 on Monday. The company has a 50 day moving average of $282.06 and a 200-day moving average of $295.50. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The firm has a market cap of $4.61 billion, a P/E ratio of 32.77 and a beta of 0.91. CSW Industrials, Inc. has a twelve month low of $241.99 and a twelve month high of $436.50.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.23. The business had revenue of $263.65 million for the quarter, compared to analyst estimates of $278.27 million. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. As a group, analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

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

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.

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