Deutsche Bank AG Acquires 4,750 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Deutsche Bank AG lifted its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 48.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,655 shares of the basic materials company's stock after purchasing an additional 4,750 shares during the period. Deutsche Bank AG owned 0.09% of CSW Industrials worth $5,170,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc lifted its position in shares of CSW Industrials by 510.5% in the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock worth $42,000 after purchasing an additional 97 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of CSW Industrials in the 4th quarter worth about $51,000. Jones Financial Companies Lllp increased its stake in shares of CSW Industrials by 300.0% in the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock worth $58,000 after acquiring an additional 123 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of CSW Industrials by 49.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company's stock worth $83,000 after acquiring an additional 76 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of CSW Industrials in the 4th quarter worth about $89,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Luke Alverson sold 1,100 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $292.12, for a total value of $321,332.00. Following the transaction, the senior vice president now owns 13,434 shares of the company's stock, valued at approximately $3,924,340.08. The trade was a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $307.21, for a total transaction of $61,442.00. Following the completion of the transaction, the director now directly owns 13,319 shares in the company, valued at $4,091,729.99. This trade represents a 1.48% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,276 shares of company stock valued at $3,093,736. 1.40% of the stock is owned by insiders.

CSW Industrials Price Performance

Shares of CSWI traded down $1.25 on Friday, reaching $300.91. The company's stock had a trading volume of 192,411 shares, compared to its average volume of 136,121. The stock has a market capitalization of $5.05 billion, a P/E ratio of 35.95 and a beta of 0.96. The stock's 50 day simple moving average is $302.16 and its two-hundred day simple moving average is $339.21. 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 (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.01. The company had revenue of $230.55 million for the quarter, compared to the consensus estimate 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 firm posted $2.04 earnings per share. Analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a $0.27 dividend. This is an increase from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.36%. CSW Industrials's dividend payout ratio (DPR) is presently 12.90%.

Wall Street Analyst Weigh In

CSWI has been the subject of several research reports. 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 for the company. Wall Street Zen lowered shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Citigroup lifted their price target on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Wells Fargo & Company lifted their price target on shares of CSW Industrials from $295.00 to $305.00 and gave the stock an "equal weight" rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, CSW Industrials currently has an average rating of "Hold" and a consensus price target of $347.00.

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.