2,715 Shares in CSW Industrials, Inc. (NASDAQ:CSWI) Purchased by Vest Financial LLC

Vest Financial LLC bought a new position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,715 shares of the basic materials company's stock, valued at approximately $791,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc boosted its position in CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock valued at $42,000 after buying an additional 97 shares during the period. Versant Capital Management Inc lifted its stake in shares of CSW Industrials by 526.3% in the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 100 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in CSW Industrials during the 4th quarter valued at about $51,000. Jones Financial Companies Lllp grew its position in CSW Industrials by 300.0% during the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock worth $58,000 after acquiring an additional 123 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in CSW Industrials by 49.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company's stock worth $83,000 after acquiring an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company's stock.

Insiders Place Their Bets

In related news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total transaction of $57,820.00. Following the sale, the director now directly owns 13,119 shares in the company, valued at $3,792,702.90. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP James E. Perry sold 145 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total value of $41,919.50. Following the completion of the sale, the executive vice president now directly owns 23,137 shares in the company, valued at approximately $6,688,906.70. The trade was a 0.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,195 shares of company stock worth $3,682,939 over the last three months. Company insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CSWI shares. Truist Financial began coverage on CSW Industrials in a research report on Friday, February 14th. They issued a "hold" rating and a $362.00 price objective for the company. 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, May 23rd. Finally, Wells Fargo & Company increased their price target on shares of CSW Industrials from $295.00 to $305.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $347.00.

CSW Industrials Stock Performance

Shares of CSW Industrials stock traded up $0.56 during midday trading on Thursday, reaching $305.23. 71,526 shares of the company's stock traded hands, compared to its average volume of 135,685. The stock has a 50 day moving average of $305.66 and a 200-day moving average of $329.89. CSW Industrials, Inc. has a 12 month low of $249.84 and a 12 month high of $436.50. The company has a market cap of $5.13 billion, a PE ratio of 36.47 and a beta of 0.92.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The basic materials company reported $2.24 EPS for the quarter, topping 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 analyst estimates of $232.82 million. During the same period in the prior year, the business earned $2.04 EPS. On average, equities analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

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

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.