Victory Capital Management Inc. Sells 2,438 Shares of CSW Industrials, Inc. (NYSE:CSW)

Key Points

• Victory Capital Management Inc. reduced its stake in CSW Industrials by 33.7%, now holding 4,798 shares valued at approximately $1.4 million.
• A notable percentage of CSW Industrials stock, about 82.79%, is held by institutional investors, indicating significant interest from large financial entities.
• CSW Industrials announced a quarterly dividend of $0.27 per share, representing an annualized yield of 0.40% and a dividend payout ratio of 12.84%.

Victory Capital Management Inc. lessened its holdings in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 33.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,798 shares of the basic materials company's stock after selling 2,438 shares during the period. Victory Capital Management Inc.'s holdings in CSW Industrials were worth $1,399,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Versant Capital Management Inc lifted its holdings in CSW Industrials by 526.3% in the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock valued at $35,000 after buying an additional 100 shares during the period. Whittier Trust Co. acquired a new position in shares of CSW Industrials during the first quarter valued at about $59,000. CIBC Private Wealth Group LLC raised its holdings in shares of CSW Industrials by 49.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company's stock valued at $83,000 after purchasing an additional 76 shares during the period. GAMMA Investing LLC raised its holdings in shares of CSW Industrials by 117.6% during the first quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock valued at $86,000 after purchasing an additional 160 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of CSW Industrials during the fourth quarter valued at about $89,000. Institutional investors and hedge funds own 82.79% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on CSW. Citigroup boosted 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. Wells Fargo & Company decreased their target price on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a research report on Friday. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $342.00.

CSW Industrials Price Performance

NYSE:CSW traded down $15.42 during trading hours on Friday, hitting $244.06. The stock had a trading volume of 252,774 shares, compared to its average volume of 141,927. The company has a 50 day simple moving average of $298.25 and a two-hundred day simple moving average of $307.46. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 29.16 and a beta of 0.91. CSW Industrials, Inc. has a one year low of $241.99 and a one year 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 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.23. The firm had revenue of $263.65 million for the quarter, compared to analysts' expectations of $278.27 million. CSW Industrials had a net margin of 15.18% and a return on equity of 13.98%. Equities research analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Friday, July 25th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials's payout ratio is 12.90%.

Insider Transactions at CSW Industrials

In related news, EVP James E. Perry sold 145 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $304.00, for a total transaction of $44,080.00. Following the sale, the executive vice president owned 25,468 shares of the company's stock, valued at $7,742,272. The trade was a 0.57% 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 919 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $305.49, for a total value of $280,745.31. Following the completion of the transaction, the senior vice president directly owned 13,434 shares in the company, valued at approximately $4,103,952.66. This represents a 6.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,764 shares of company stock valued at $1,789,481. Company insiders own 1.30% of the company's stock.

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.