Kayne Anderson Rudnick Investment Management LLC Lowers Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Kayne Anderson Rudnick Investment Management LLC cut its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 235,325 shares of the basic materials company's stock after selling 6,081 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 1.40% of CSW Industrials worth $83,023,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CSWI. Barclays PLC raised its position in CSW Industrials by 431.2% during the third quarter. Barclays PLC now owns 29,272 shares of the basic materials company's stock worth $10,725,000 after acquiring an additional 23,761 shares during the period. Crossmark Global Holdings Inc. raised its position in CSW Industrials by 46.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 1,396 shares of the basic materials company's stock worth $493,000 after acquiring an additional 443 shares during the period. SG Americas Securities LLC raised its position in CSW Industrials by 324.6% during the fourth quarter. SG Americas Securities LLC now owns 3,057 shares of the basic materials company's stock worth $1,079,000 after acquiring an additional 2,337 shares during the period. Fifth Third Bancorp raised its position in CSW Industrials by 49.2% during the fourth quarter. Fifth Third Bancorp now owns 367 shares of the basic materials company's stock worth $129,000 after acquiring an additional 121 shares during the period. Finally, Andina Capital Management LLC raised its position in CSW Industrials by 5.3% during the fourth quarter. Andina Capital Management LLC now owns 1,641 shares of the basic materials company's stock worth $579,000 after acquiring an additional 82 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Stock Performance

Shares of CSWI stock traded down $7.27 on Wednesday, hitting $306.35. 106,057 shares of the stock traded hands, compared to its average volume of 136,286. CSW Industrials, Inc. has a twelve month low of $248.90 and a twelve month high of $436.50. The firm's 50-day moving average price is $303.04 and its two-hundred day moving average price is $337.46. The stock has a market capitalization of $5.14 billion, a PE ratio of 36.60 and a beta of 0.96.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.01. The business had revenue of $230.55 million during the quarter, compared to analysts' expectations 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 in the prior year, the company posted $2.04 EPS. On average, equities research analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were paid 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 of this dividend 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 12.84%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CSWI shares. Citigroup upped their price objective 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. Truist Financial began coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued a "hold" rating and a $362.00 target price for the company. Wall Street Zen cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company increased their target price on shares of CSW Industrials from $295.00 to $305.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, CSW Industrials presently has an average rating of "Hold" and a consensus price target of $347.00.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $312.87, for a total transaction of $62,574.00. Following the completion of the transaction, the director now owns 12,919 shares of the company's stock, valued at $4,041,967.53. This trade represents a 1.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Don Sullivan sold 1,500 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $332.16, for a total transaction of $498,240.00. Following the transaction, the executive vice president now directly owns 25,989 shares of the company's stock, valued at approximately $8,632,506.24. This trade represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,276 shares of company stock worth $3,093,736 over the last quarter. 1.40% of the stock is currently owned by company insiders.

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.