Invesco Ltd. Acquires 26,770 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Invesco Ltd. increased its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 29.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,989 shares of the basic materials company's stock after purchasing an additional 26,770 shares during the quarter. Invesco Ltd. owned 0.70% of CSW Industrials worth $41,627,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CSWI. National Bank of Canada FI purchased a new stake in CSW Industrials during the third quarter valued at $28,000. IFP Advisors Inc boosted its position in CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock worth $42,000 after purchasing an additional 97 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of CSW Industrials by 94.3% during the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 66 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of CSW Industrials during the 4th quarter valued at about $51,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of CSW Industrials by 300.0% in the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock worth $58,000 after purchasing an additional 123 shares during the period. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $289.97, for a total transaction of $289,970.00. Following the completion of the transaction, the chief executive officer now directly owns 46,848 shares of the company's stock, valued at approximately $13,584,514.56. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James E. Perry sold 145 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $307.77, for a total transaction of $44,626.65. Following the completion of the sale, the chief financial officer now directly owns 23,282 shares in the company, valued at $7,165,501.14. This trade represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,631 shares of company stock valued at $2,551,912 over the last ninety days. 1.40% of the stock is owned by insiders.

Analysts Set New Price Targets

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

CSW Industrials Price Performance

Shares of NASDAQ CSWI traded up $7.69 during midday trading on Tuesday, reaching $298.87. 102,893 shares of the stock traded hands, compared to its average volume of 134,880. The company's 50 day moving average is $294.90 and its 200 day moving average is $348.86. CSW Industrials, Inc. has a one year low of $232.20 and a one year high of $436.50. The stock has a market capitalization of $5.02 billion, a PE ratio of 35.71 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. As a group, equities analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.08 annualized dividend and a yield of 0.36%. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's dividend payout ratio (DPR) is currently 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.