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

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

A number of other hedge funds have also modified their holdings of the stock. Atria Investments Inc increased its stake in shares of CSW Industrials by 1.4% in the fourth quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company's stock worth $835,000 after acquiring an additional 32 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of CSW Industrials by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company's stock worth $1,388,000 after acquiring an additional 34 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in CSW Industrials by 1.0% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,590 shares of the basic materials company's stock valued at $1,267,000 after acquiring an additional 35 shares during the period. OLD National Bancorp IN boosted its holdings in CSW Industrials by 3.9% during the fourth quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company's stock valued at $346,000 after acquiring an additional 37 shares during the period. Finally, TCTC Holdings LLC boosted its holdings in CSW Industrials by 2.3% during the fourth quarter. TCTC Holdings LLC now owns 1,841 shares of the basic materials company's stock valued at $650,000 after acquiring an additional 41 shares during the period. 82.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CSW Industrials

In related news, CFO James E. Perry sold 145 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.77, for a total value of $44,626.65. Following the completion of the transaction, the chief financial officer now owns 23,282 shares of the company's stock, valued at $7,165,501.14. This represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Don Sullivan sold 1,500 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $332.16, for a total transaction of $498,240.00. Following the completion of the transaction, the executive vice president now directly owns 25,989 shares of the company's stock, valued at $8,632,506.24. This trade represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,276 shares of company stock worth $3,093,736. Company insiders own 1.40% of the company's stock.

CSW Industrials Price Performance

Shares of NASDAQ CSWI traded down $1.25 during mid-day trading on Friday, hitting $300.91. The company had a trading volume of 192,411 shares, compared to its average volume of 135,985. The business's 50-day simple moving average is $302.16 and its 200-day simple moving average is $339.65. CSW Industrials, Inc. has a 12 month low of $248.90 and a 12 month high of $436.50. The firm has a market cap of $5.05 billion, a P/E ratio of 35.95 and a beta of 0.96.

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 for the quarter, beating the consensus estimate of $2.23 by $0.01. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. The business had revenue of $230.55 million during the quarter, compared to analysts' expectations of $232.82 million. During the same quarter last year, the company earned $2.04 earnings per share. As a group, sell-side analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Friday, April 25th. This is a boost from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's dividend payout ratio (DPR) is presently 12.90%.

Analyst Upgrades and Downgrades

CSWI has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of CSW Industrials from $295.00 to $305.00 and gave the company an "equal weight" rating in a report on Friday. Citigroup upped their price target on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a report on Friday. Truist Financial initiated coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 price target for the company. Finally, Wall Street Zen cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $347.00.

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.