ProShare Advisors LLC Increases Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

ProShare Advisors LLC grew its holdings in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 46.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,049 shares of the basic materials company's stock after acquiring an additional 1,593 shares during the quarter. ProShare Advisors LLC's holdings in CSW Industrials were worth $1,781,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. IFP Advisors Inc raised its stake in CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 97 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in CSW Industrials during the fourth quarter worth about $51,000. Jones Financial Companies Lllp increased its holdings in CSW Industrials by 300.0% in the 4th 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 raised its position 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 valued at $83,000 after buying an additional 76 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of CSW Industrials in the 4th quarter valued at approximately $89,000. Institutional investors own 82.79% of the company's stock.

CSW Industrials Stock Performance

Shares of CSW Industrials stock traded up $5.06 during midday trading on Tuesday, hitting $305.97. 20,610 shares of the company traded hands, compared to its average volume of 135,670. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 36.50 and a beta of 0.96. The firm's fifty day moving average price is $302.35 and its 200-day moving average price is $337.84. 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 announced its quarterly earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.01. The company had revenue of $230.55 million for the quarter, compared to analyst estimates of $232.82 million. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. During the same period in the previous year, the firm posted $2.04 EPS. Equities research analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, April 25th. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 0.35%. CSW Industrials's payout ratio is 12.90%.

Insider Activity at CSW Industrials

In other CSW Industrials news, EVP Don Sullivan sold 2,222 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $649,090.64. Following the sale, the executive vice president now directly owns 24,853 shares of the company's stock, valued at $7,260,058.36. The trade was a 8.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James E. Perry sold 145 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $307.77, for a total transaction of $44,626.65. Following the completion of the sale, the chief financial officer now directly owns 23,282 shares in the company, valued at approximately $7,165,501.14. This represents a 0.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,276 shares of company stock valued at $3,093,736. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CSWI shares. Truist Financial started 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. Citigroup boosted their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Wells Fargo & Company boosted 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. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, CSW Industrials presently has a consensus rating of "Hold" and an average target price of $347.00.

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.