SageView Advisory Group LLC Trims Stock Position in CSW Industrials, Inc. $CSW

Key Points

• SageView Advisory Group LLC reduced its stake in CSW Industrials, Inc. by 11.3%, owning 19,140 shares valued at approximately $5.58 million as of the latest SEC filing.
• Multiple institutional investors made significant changes to their positions, with Champlain Investment Partners LLC acquiring a new stake worth $81.19 million and GAMMA Investing LLC increasing holdings by 63,348.5% during the same period.
• Analysts have varying price targets for CSW Industrials, with a consensus price target of $319.75 following ratings of "hold" from several firms, while one analyst rated it as a "strong buy."

SageView Advisory Group LLC reduced its stake in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 11.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 19,140 shares of the basic materials company's stock after selling 2,433 shares during the quarter. SageView Advisory Group LLC owned 0.11% of CSW Industrials worth $5,580,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Champlain Investment Partners LLC purchased a new stake in shares of CSW Industrials in the 1st quarter valued at $81,194,000. GAMMA Investing LLC raised its holdings in shares of CSW Industrials by 63,348.5% in the 1st quarter. GAMMA Investing LLC now owns 86,290 shares of the basic materials company's stock valued at $25,155,000 after buying an additional 86,154 shares during the period. Nuveen LLC purchased a new stake in shares of CSW Industrials in the 1st quarter valued at $24,711,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in CSW Industrials by 34.5% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 316,464 shares of the basic materials company's stock worth $92,256,000 after buying an additional 81,139 shares during the period. Finally, Federated Hermes Inc. increased its stake in CSW Industrials by 1,539.2% during the 1st quarter. Federated Hermes Inc. now owns 68,766 shares of the basic materials company's stock worth $20,047,000 after buying an additional 64,571 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CSW shares. Citigroup upped their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Zacks Research upgraded shares of CSW Industrials from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. Wells Fargo & Company lowered their price target on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Finally, Truist Financial set a $273.00 price target on shares of CSW Industrials and gave the stock a "hold" rating in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, CSW Industrials currently has an average rating of "Hold" and a consensus price target of $319.75.

Insider Buying and Selling at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $259.36, for a total value of $259,360.00. Following the sale, the chief executive officer directly owned 62,522 shares of the company's stock, valued at approximately $16,215,705.92. This represents a 1.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James E. Perry sold 145 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $275.05, for a total transaction of $39,882.25. Following the completion of the sale, the executive vice president directly owned 25,178 shares in the company, valued at approximately $6,925,208.90. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,412 shares of company stock valued at $1,247,397 in the last quarter. Insiders own 1.30% of the company's stock.

CSW Industrials Stock Down 5.0%

Shares of CSW Industrials stock opened at $253.26 on Wednesday. The company has a market cap of $4.25 billion, a P/E ratio of 30.26 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86. CSW Industrials, Inc. has a one year low of $241.99 and a one year high of $436.50. The firm has a fifty day moving average of $276.43 and a two-hundred day moving average of $293.26.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, topping analysts' consensus estimates of $2.62 by $0.23. The company had revenue of $263.65 million during the quarter, compared to the consensus estimate of $278.27 million. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. On average, analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. CSW Industrials's payout ratio is 12.90%.

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.

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