SageView Advisory Group LLC Purchases 10,756 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

SageView Advisory Group LLC raised its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 99.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,573 shares of the basic materials company's stock after purchasing an additional 10,756 shares during the quarter. SageView Advisory Group LLC owned 0.13% of CSW Industrials worth $7,611,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Anchor Investment Management LLC lifted its stake in CSW Industrials by 2.5% during the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company's stock worth $472,000 after purchasing an additional 32 shares during the last quarter. Atria Investments Inc grew its holdings in shares of CSW Industrials by 1.4% during the fourth quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company's stock valued at $835,000 after purchasing an additional 32 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in CSW Industrials by 0.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company's stock valued at $1,388,000 after purchasing an additional 34 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in CSW Industrials by 1.0% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,590 shares of the basic materials company's stock worth $1,267,000 after buying an additional 35 shares during the last quarter. Finally, Morse Asset Management Inc increased its holdings in shares of CSW Industrials by 2.3% in the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company's stock worth $594,000 after acquiring an additional 36 shares during the period. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Trading Up 1.0 %

CSWI traded up $3.07 during trading on Friday, hitting $298.43. The stock had a trading volume of 68,468 shares, compared to its average volume of 134,723. The firm has a market cap of $5.01 billion, a PE ratio of 35.65 and a beta of 0.88. CSW Industrials, Inc. has a 12 month low of $231.09 and a 12 month high of $436.50. The company has a 50 day simple moving average of $296.26 and a 200-day simple moving average of $350.46.

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

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be issued a $0.27 dividend. This is a boost from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date is Friday, April 25th. This represents a $1.08 annualized dividend and a yield of 0.36%. CSW Industrials's dividend payout ratio is 12.90%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other CSW Industrials news, CFO James E. Perry sold 145 shares of CSW Industrials stock in a transaction on Monday, March 3rd. The shares were 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 owns 23,282 shares of the company's stock, valued at approximately $7,165,501.14. The trade was a 0.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Luke Alverson sold 919 shares of the company's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $303.21, for a total value of $278,649.99. Following the completion of the sale, the senior vice president now owns 14,353 shares of the company's stock, valued at $4,351,973.13. This represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,631 shares of company stock worth $2,551,912. 1.40% of the stock is currently owned by company insiders.

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.