UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 27,042 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 111.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,306 shares of the basic materials company's stock after acquiring an additional 27,042 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.31% of CSW Industrials worth $18,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Barclays PLC lifted its holdings in CSW Industrials by 431.2% in the 3rd quarter. Barclays PLC now owns 29,272 shares of the basic materials company's stock worth $10,725,000 after buying an additional 23,761 shares during the period. SG Americas Securities LLC lifted its holdings in CSW Industrials by 324.6% in the 4th quarter. SG Americas Securities LLC now owns 3,057 shares of the basic materials company's stock worth $1,079,000 after buying an additional 2,337 shares during the period. Fifth Third Bancorp lifted its holdings in CSW Industrials by 49.2% in the 4th quarter. Fifth Third Bancorp now owns 367 shares of the basic materials company's stock worth $129,000 after buying an additional 121 shares during the period. Blue Trust Inc. lifted its holdings in CSW Industrials by 25.3% in the 4th quarter. Blue Trust Inc. now owns 361 shares of the basic materials company's stock worth $132,000 after buying an additional 73 shares during the period. Finally, KBC Group NV lifted its holdings in CSW Industrials by 60.5% in the 4th quarter. KBC Group NV now owns 706 shares of the basic materials company's stock worth $249,000 after buying an additional 266 shares during the period. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CSW Industrials

In related news, SVP Luke Alverson sold 1,100 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $292.12, for a total transaction of $321,332.00. Following the completion of the transaction, the senior vice president now owns 13,434 shares of the company's stock, valued at $3,924,340.08. This trade represents a 7.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Don Sullivan sold 2,222 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $292.12, for a total value of $649,090.64. Following the transaction, the executive vice president now directly owns 24,853 shares of the company's stock, valued at approximately $7,260,058.36. This trade represents a 8.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,195 shares of company stock valued at $3,684,651 in the last 90 days. Corporate insiders own 1.40% of the company's stock.

CSW Industrials Stock Down 0.5%

Shares of NASDAQ:CSWI traded down $1.46 during trading on Friday, hitting $305.56. The stock had a trading volume of 112,940 shares, compared to its average volume of 136,586. CSW Industrials, Inc. has a 12 month low of $248.90 and a 12 month high of $436.50. The company has a market capitalization of $5.13 billion, a PE ratio of 36.51 and a beta of 0.96. The firm's fifty day moving average is $303.11 and its 200 day moving average is $335.88.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.01. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. The firm had revenue of $230.55 million during the quarter, compared to analyst estimates of $232.82 million. During the same quarter in the prior year, the company earned $2.04 EPS. Equities research analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Friday, April 25th. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's dividend payout ratio (DPR) is 12.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup increased their price objective on CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Wall Street Zen cut CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Wells Fargo & Company increased their price objective on CSW Industrials from $295.00 to $305.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Finally, Truist Financial started coverage on CSW Industrials in a report on Friday, February 14th. They issued a "hold" rating and a $362.00 price objective for the company. Five equities 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 stock currently has a consensus 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.