ProShare Advisors LLC Buys 1,593 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

ProShare Advisors LLC grew its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 46.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,049 shares of the basic materials company's stock after buying an additional 1,593 shares during the quarter. ProShare Advisors LLC's holdings in CSW Industrials were worth $1,781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of CSW Industrials by 1.6% in the fourth 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 during the period. Geode Capital Management LLC boosted its holdings in CSW Industrials by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company's stock worth $138,983,000 after purchasing an additional 4,899 shares during the last quarter. Northern Trust Corp boosted its holdings in CSW Industrials by 5.6% during the fourth quarter. Northern Trust Corp now owns 217,655 shares of the basic materials company's stock worth $76,789,000 after purchasing an additional 11,465 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in CSW Industrials by 0.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 207,136 shares of the basic materials company's stock worth $73,079,000 after purchasing an additional 661 shares during the last quarter. Finally, Congress Asset Management Co. boosted its holdings in CSW Industrials by 1.2% during the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company's stock worth $72,745,000 after purchasing an additional 2,544 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

CSW Industrials Stock Down 0.4%

Shares of CSWI stock traded down $1.25 on Friday, reaching $300.91. The stock had a trading volume of 192,411 shares, compared to its average volume of 136,121. CSW Industrials, Inc. has a 12 month low of $248.90 and a 12 month high of $436.50. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 35.95 and a beta of 0.96. The firm's 50-day moving average is $302.16 and its two-hundred day moving average is $339.21.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $230.55 million for the quarter, compared to analyst estimates of $232.82 million. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. During the same quarter in the prior year, the company earned $2.04 earnings per share. On average, sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were paid a $0.27 dividend. This is a positive change 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 0.36%. CSW Industrials's dividend payout ratio is currently 12.90%.

Insiders Place Their Bets

In other CSW Industrials news, SVP Luke Alverson sold 1,100 shares of the stock in a transaction dated 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 directly owns 13,434 shares of the company's stock, valued at $3,924,340.08. This represents a 7.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Don Sullivan sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $332.16, for a total transaction of $498,240.00. Following the sale, the executive vice president now owns 25,989 shares of the company's stock, valued at $8,632,506.24. This trade represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,276 shares of company stock valued at $3,093,736 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CSWI shares. 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 target price for the company. Wall Street Zen cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Wells Fargo & Company increased their target price on shares of CSW Industrials from $295.00 to $305.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, Citigroup increased their price objective on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a report on Friday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.