Tidal Investments LLC Has $785,000 Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Tidal Investments LLC lessened its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 36.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,226 shares of the basic materials company's stock after selling 1,300 shares during the quarter. Tidal Investments LLC's holdings in CSW Industrials were worth $785,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of CSW Industrials by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company's stock valued at $653,638,000 after buying an additional 29,488 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of CSW Industrials by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company's stock valued at $138,983,000 after buying an additional 4,899 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of CSW Industrials by 5.6% in 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. Price T Rowe Associates Inc. MD boosted its holdings in shares of CSW Industrials by 0.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 207,136 shares of the basic materials company's stock valued at $73,079,000 after buying an additional 661 shares during the last quarter. Finally, Congress Asset Management Co. boosted its holdings in shares of CSW Industrials by 1.2% in the 4th quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company's stock valued at $72,745,000 after buying an additional 2,544 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $289.97, for a total value of $289,970.00. Following the transaction, the chief executive officer now owns 46,848 shares in the company, valued at $13,584,514.56. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Luke Alverson sold 1,100 shares of CSW Industrials stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $292.12, for a total value of $321,332.00. Following the completion of the transaction, the senior vice president now owns 13,434 shares in the company, valued at approximately $3,924,340.08. This represents a 7.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,195 shares of company stock worth $3,684,651 in the last 90 days. Company insiders own 1.40% of the company's stock.

CSW Industrials Trading Down 0.5%

CSWI stock traded down $1.46 during trading hours on Friday, hitting $305.56. 112,940 shares of the stock were exchanged, compared to its average volume of 136,627. The firm has a market capitalization of $5.13 billion, a P/E ratio of 36.51 and a beta of 0.96. The company has a 50-day simple moving average of $303.11 and a two-hundred day simple moving average of $335.33. CSW Industrials, Inc. has a 12 month low of $248.90 and a 12 month high of $436.50.

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

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were given a dividend of $0.27 per share. This is a boost from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date was Friday, April 25th. This represents a $1.08 annualized dividend and a yield of 0.35%. CSW Industrials's dividend payout ratio (DPR) is presently 12.84%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CSWI. Wells Fargo & Company raised their price target on CSW Industrials from $295.00 to $305.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Citigroup raised their price target on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Wall Street Zen downgraded CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Truist Financial began coverage on CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, CSW Industrials presently has a consensus rating of "Hold" and a consensus price target of $347.00.

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.