CSW Industrials, Inc. (NASDAQ:CSWI) Shares Purchased by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC raised its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 85,426 shares of the basic materials company's stock after purchasing an additional 3,676 shares during the quarter. Silvercrest Asset Management Group LLC owned approximately 0.51% of CSW Industrials worth $30,138,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CSWI. IFP Advisors Inc grew its holdings in CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock worth $42,000 after buying an additional 97 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of CSW Industrials during the 4th quarter valued at $51,000. Jones Financial Companies Lllp increased its holdings in 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 acquiring an additional 123 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in CSW Industrials by 49.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company's stock worth $83,000 after acquiring an additional 76 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in CSW Industrials in the 4th quarter worth about $89,000. Institutional investors and hedge funds own 82.79% of the company's stock.

Insider Activity at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $312.87, for a total value of $62,574.00. Following the completion of the sale, the director now directly owns 12,919 shares of the company's stock, valued at $4,041,967.53. This trade represents a 1.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Don Sullivan sold 2,222 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were 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 of the company's stock, valued at $7,260,058.36. The trade was a 8.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,276 shares of company stock worth $3,093,736. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on CSWI. Truist Financial started coverage on CSW Industrials in a research note on Friday, February 14th. They issued a "hold" rating and a $362.00 target price for the company. Citigroup dropped their price target on CSW Industrials from $364.00 to $313.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. 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 report on Monday, April 14th. Finally, StockNews.com downgraded 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 issued a buy rating to the company. According to MarketBeat, CSW Industrials has a consensus rating of "Hold" and an average price target of $342.50.

CSW Industrials Stock Down 0.9%

Shares of NASDAQ CSWI traded down $2.91 during trading on Tuesday, reaching $324.68. 59,032 shares of the company traded hands, compared to its average volume of 135,729. The firm has a 50 day simple moving average of $301.20 and a 200-day simple moving average of $340.80. The stock has a market capitalization of $5.45 billion, a PE ratio of 38.79 and a beta of 0.96. CSW Industrials, Inc. has a 52-week low of $245.11 and a 52-week high of $436.50.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were given 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 boost from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's dividend payout ratio is 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.