Silvercrest Asset Management Group LLC Purchases 3,676 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Silvercrest Asset Management Group LLC lifted its holdings in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,426 shares of the basic materials company's stock after purchasing an additional 3,676 shares during the period. Silvercrest Asset Management Group LLC owned 0.51% of CSW Industrials worth $30,138,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CSWI. Proficio Capital Partners LLC lifted its position in shares of CSW Industrials by 35,553.3% in the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock worth $71,320,000 after buying an additional 201,587 shares during the last quarter. Norges Bank acquired a new position in shares of CSW Industrials during the 4th quarter valued at about $59,250,000. Riverbridge Partners LLC bought a new position in shares of CSW Industrials in the 4th quarter valued at approximately $42,202,000. Raymond James Financial Inc. acquired a new stake in CSW Industrials in the 4th quarter worth approximately $18,197,000. Finally, Franklin Resources Inc. lifted its holdings in CSW Industrials by 77.8% in the 4th quarter. Franklin Resources Inc. now owns 102,458 shares of the basic materials company's stock worth $36,147,000 after purchasing an additional 44,841 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on CSWI. Wells Fargo & Company lowered their price target on CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Wall Street Zen downgraded shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Truist Financial assumed coverage on shares of CSW Industrials in a research report on Friday, February 14th. They set a "hold" rating and a $362.00 target price for the company. Finally, Citigroup lowered their price target on CSW Industrials from $364.00 to $313.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $342.50.

CSW Industrials Price Performance

CSWI stock traded down $14.35 on Thursday, reaching $300.10. 31,970 shares of the company were exchanged, compared to its average volume of 135,346. CSW Industrials, Inc. has a 12 month low of $245.11 and a 12 month high of $436.50. The stock's fifty day moving average price is $301.67 and its 200 day moving average price is $340.61. The firm has a market capitalization of $5.04 billion, a PE ratio of 36.30 and a beta of 0.96.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share for the quarter, beating 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 analysts' expectations of $232.82 million. During the same quarter last year, the company earned $2.04 earnings per share. As a group, research analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.36%. The ex-dividend date 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 presently 12.90%.

Insider Activity

In other CSW Industrials news, EVP Don Sullivan sold 2,222 shares of CSW Industrials stock in a transaction on Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $649,090.64. Following the sale, the executive vice president now owns 24,853 shares in the company, valued at $7,260,058.36. The trade was a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert M. Swartz sold 200 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $307.21, for a total transaction of $61,442.00. Following the completion of the transaction, the director now owns 13,319 shares of the company's stock, valued at approximately $4,091,729.99. This represents a 1.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,276 shares of company stock worth $3,093,736. Company insiders own 1.40% of the company's stock.

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.