Nuveen Asset Management LLC Decreases Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Nuveen Asset Management LLC trimmed its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 18.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,336 shares of the basic materials company's stock after selling 17,861 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.48% of CSW Industrials worth $28,695,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CSWI. IFP Advisors Inc grew its position in CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock valued at $42,000 after buying an additional 97 shares during the period. SBI Securities Co. Ltd. bought a new stake in CSW Industrials during the fourth quarter valued at approximately $51,000. Jones Financial Companies Lllp grew its position in CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock valued at $58,000 after buying an additional 123 shares during the period. CIBC Private Wealth Group LLC grew its position in 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 buying an additional 76 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in CSW Industrials during the fourth quarter valued at approximately $89,000. 82.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

CSW Industrials Stock Up 4.2%

NASDAQ:CSWI traded up $12.71 during trading hours on Tuesday, hitting $313.62. 146,089 shares of the stock traded hands, compared to its average volume of 136,161. CSW Industrials, Inc. has a 1 year low of $248.90 and a 1 year high of $436.50. The stock has a 50 day moving average price of $302.76 and a 200 day moving average price of $337.67. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 37.47 and a beta of 0.96.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its earnings results on Thursday, May 22nd. The basic materials company reported $2.24 EPS for the quarter, topping 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 firm 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 firm earned $2.04 earnings per share. Equities analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.34%. 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 12.84%.

Insider Transactions at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $307.21, for a total transaction of $61,442.00. Following the sale, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Don Sullivan sold 1,500 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $332.16, for a total transaction of $498,240.00. Following the sale, the executive vice president now directly owns 25,989 shares in the company, valued at approximately $8,632,506.24. The trade was a 5.46% 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 currently owned by corporate insiders.

CSW Industrials 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.