CSW Industrials, Inc. (NASDAQ:CSWI) Position Decreased by Janus Henderson Group PLC

Janus Henderson Group PLC cut its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 36.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,237 shares of the basic materials company's stock after selling 55,840 shares during the quarter. Janus Henderson Group PLC owned about 0.58% of CSW Industrials worth $34,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CSWI. Proficio Capital Partners LLC lifted its holdings in shares of CSW Industrials by 35,553.3% during the 4th quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock worth $71,320,000 after acquiring an additional 201,587 shares during the period. Norges Bank acquired a new position in CSW Industrials during the fourth quarter worth approximately $59,250,000. Riverbridge Partners LLC purchased a new position in CSW Industrials during the fourth quarter worth approximately $42,202,000. Principal Financial Group Inc. raised its stake in CSW Industrials by 1,046.2% during the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company's stock worth $31,140,000 after purchasing an additional 77,576 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of CSW Industrials in the 4th quarter valued at $18,197,000. 82.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on CSWI. StockNews.com downgraded CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Wells Fargo & Company dropped their price target on 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. Truist Financial assumed coverage on CSW Industrials in a research note on Friday, February 14th. They issued a "hold" rating and a $362.00 price objective on the stock. Finally, Citigroup dropped their price objective 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. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, CSW Industrials currently has a consensus rating of "Hold" and a consensus target price of $342.50.

CSW Industrials Price Performance

CSWI traded down $2.45 during trading hours on Tuesday, reaching $325.14. 13,277 shares of the stock traded hands, compared to its average volume of 135,411. The firm's fifty day simple moving average is $300.39 and its two-hundred day simple moving average is $340.91. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 38.85 and a beta of 0.96. CSW Industrials, Inc. has a fifty-two week low of $240.21 and a fifty-two week high of $436.50.

CSW Industrials Increases Dividend

The firm 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 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend 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 12.90%.

Insiders Place Their Bets

In related news, Director Robert M. Swartz sold 200 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.21, for a total transaction of $61,442.00. Following the sale, the director now owns 13,319 shares in the company, valued at $4,091,729.99. This represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $292.12, for a total value of $649,090.64. Following the completion of the sale, the executive vice president now directly owns 24,853 shares in the company, 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 have sold 10,276 shares of company stock worth $3,093,736 in the last three months. 1.40% of the stock is owned by insiders.

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.