Man Group plc Purchases 1,544 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Man Group plc grew its holdings in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 82.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,426 shares of the basic materials company's stock after purchasing an additional 1,544 shares during the period. Man Group plc's holdings in CSW Industrials were worth $1,209,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake 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 in the last quarter. Geode Capital Management LLC grew its stake 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 in the last quarter. Northern Trust Corp grew its stake 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 in the last quarter. Price T Rowe Associates Inc. MD grew its stake 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 in the last quarter. Finally, Congress Asset Management Co. grew its stake 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 in the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

CSW Industrials Stock Performance

Shares of NASDAQ:CSWI traded up $0.48 on Thursday, hitting $306.83. The stock had a trading volume of 12,001 shares, compared to its average volume of 135,796. 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 200-day moving average price is $337.46. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 36.74 and a beta of 0.96.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its earnings results on Thursday, May 22nd. The basic materials company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.23 by $0.01. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. The company had revenue of $230.55 million for the quarter, compared to the consensus estimate of $232.82 million. During the same quarter in the previous year, the company earned $2.04 EPS. As a group, sell-side analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Friday, April 25th. This is an increase from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's payout ratio is currently 12.84%.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $310.17, for a total value of $310,170.00. Following the completion of the transaction, the chief executive officer now directly owns 65,522 shares of the company's stock, valued at $20,322,958.74. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.21, for a total value of $61,442.00. Following the completion of the transaction, the director now directly owns 13,319 shares of the company's stock, valued at $4,091,729.99. This represents a 1.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,195 shares of company stock valued at $3,684,651 over the last ninety days. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

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