Sovereign s Capital Management LLC Makes New $403,000 Investment in CSW Industrials, Inc. (NASDAQ:CSWI)

Sovereign s Capital Management LLC bought a new stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,142 shares of the basic materials company's stock, valued at approximately $403,000.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in CSW Industrials in the fourth quarter valued at $18,197,000. Blue Trust Inc. lifted its stake in CSW Industrials by 25.3% in the fourth quarter. Blue Trust Inc. now owns 361 shares of the basic materials company's stock valued at $132,000 after buying an additional 73 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in CSW Industrials by 5.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company's stock valued at $291,000 after buying an additional 46 shares during the last quarter. Congress Asset Management Co. lifted its stake in CSW Industrials by 1.2% in the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company's stock valued at $72,745,000 after buying an additional 2,544 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its stake in CSW Industrials by 40.0% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,500 shares of the basic materials company's stock valued at $1,235,000 after buying an additional 1,000 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wall Street Zen cut CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Truist Financial started coverage on CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 price target on the stock. Wells Fargo & Company lowered their price target on CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Finally, Citigroup lowered their price target on CSW Industrials from $364.00 to $313.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $342.50.

Insider Buying and Selling

In related news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $312.87, for a total value of $62,574.00. Following the transaction, the director now owns 12,919 shares of the company's stock, valued at approximately $4,041,967.53. This trade represents a 1.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Don Sullivan sold 1,500 shares of CSW Industrials stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $332.16, for a total value of $498,240.00. Following the completion of the transaction, the executive vice president now directly owns 25,989 shares in the company, valued at $8,632,506.24. This represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,276 shares of company stock valued at $3,093,736 over the last three months. Company insiders own 1.40% of the company's stock.

CSW Industrials Trading Down 3.9%

NASDAQ:CSWI traded down $12.29 during mid-day trading on Thursday, reaching $302.16. 119,783 shares of the stock were exchanged, compared to its average volume of 135,849. The business has a fifty day moving average price of $301.86 and a 200 day moving average price of $340.19. The firm has a market capitalization of $5.07 billion, a PE ratio of 36.10 and a beta of 0.96. CSW Industrials, Inc. has a 1-year low of $245.11 and a 1-year high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the previous 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 year.

CSW Industrials Increases Dividend

The company also recently announced 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. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Friday, April 25th. CSW Industrials's payout ratio is presently 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.