SageView Advisory Group LLC Sells 2,433 Shares of 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 shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 11.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 about 0.11% of CSW Industrials worth $5,580,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CSW. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of CSW Industrials by 517.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock worth $31,000 after purchasing an additional 88 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of CSW Industrials by 526.3% in the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock worth $35,000 after purchasing an additional 100 shares in the last quarter. Whittier Trust Co. bought a new position in shares of CSW Industrials in the first quarter worth $59,000. GAMMA Investing LLC grew its stake in shares of CSW Industrials by 117.6% in the first quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock worth $86,000 after purchasing an additional 160 shares in the last quarter. Finally, Archer Investment Corp bought a new position in shares of CSW Industrials in the first quarter worth $87,000. 82.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $294.92, for a total transaction of $294,920.00. Following the transaction, the chief executive officer owned 63,522 shares of the company's stock, valued at approximately $18,733,908.24. This represents a 1.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert M. Swartz sold 200 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $250.37, for a total value of $50,074.00. Following the transaction, the director directly owned 12,319 shares in the company, valued at approximately $3,084,308.03. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,412 shares of company stock worth $1,247,397. Insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

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

CSW Industrials Stock Down 0.7%

Shares of NYSE CSW traded down $1.76 during mid-day trading on Monday, reaching $248.28. 36,079 shares of the company traded hands, compared to its average volume of 130,035. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86. The stock has a market cap of $4.17 billion, a PE ratio of 29.66 and a beta of 0.91. The company's fifty day moving average is $273.29 and its two-hundred day moving average is $292.18. CSW Industrials, Inc. has a fifty-two week low of $241.99 and a fifty-two week high of $436.50.

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

CSW Industrials Dividend Announcement

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

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.