First Manhattan CO. LLC. Sells 72,459 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

First Manhattan CO. LLC. trimmed its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 19.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 296,670 shares of the basic materials company's stock after selling 72,459 shares during the period. First Manhattan CO. LLC. owned 1.77% of CSW Industrials worth $104,816,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in CSW Industrials by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company's stock worth $653,638,000 after purchasing an additional 29,488 shares in the last quarter. Geode Capital Management LLC grew its position in CSW Industrials by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company's stock worth $138,983,000 after purchasing an additional 4,899 shares in the last quarter. Northern Trust Corp grew its position in CSW Industrials by 5.6% during the 4th quarter. Northern Trust Corp now owns 217,655 shares of the basic materials company's stock worth $76,789,000 after purchasing an additional 11,465 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in CSW Industrials by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 207,136 shares of the basic materials company's stock worth $73,079,000 after purchasing an additional 661 shares in the last quarter. Finally, Congress Asset Management Co. boosted its stake in shares of CSW Industrials by 1.2% during the 4th 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 period. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CSW Industrials news, CFO James E. Perry sold 145 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.77, for a total transaction of $44,626.65. Following the sale, the chief financial officer now directly owns 23,282 shares of the company's stock, valued at approximately $7,165,501.14. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $289.97, for a total transaction of $289,970.00. Following the sale, the chief executive officer now directly owns 46,848 shares in the company, valued at $13,584,514.56. This represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,776 shares of company stock valued at $2,595,496. 1.40% of the stock is currently owned by insiders.

CSW Industrials Stock Performance

CSW Industrials stock traded down $2.95 during trading hours on Friday, hitting $311.27. 70,521 shares of the stock were exchanged, compared to its average volume of 135,608. The stock has a market capitalization of $5.22 billion, a P/E ratio of 37.19 and a beta of 0.96. CSW Industrials, Inc. has a 12 month low of $239.67 and a 12 month high of $436.50. The business's 50-day moving average is $296.30 and its two-hundred day moving average is $342.17.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.35%. This is a boost from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, April 25th. CSW Industrials's dividend payout ratio is currently 12.90%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CSWI shares. Wells Fargo & Company decreased their target price on shares of CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group dropped their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Citigroup dropped their price target on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Truist Financial began coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued a "hold" rating and a $362.00 price target for the company. Finally, StockNews.com lowered shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $342.50.

CSW Industrials 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.