CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. cut its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 31.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 185,361 shares of the basic materials company's stock after selling 84,577 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 1.10% of CSW Industrials worth $65,396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc grew its position in CSW Industrials by 510.5% during the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 97 shares during the last quarter. GAMMA Investing LLC grew its position in 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 last quarter. SBI Securities Co. Ltd. purchased a new stake in CSW Industrials during the 4th quarter valued at about $51,000. Jones Financial Companies Lllp grew its position in CSW Industrials by 300.0% during the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 123 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in CSW Industrials by 49.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company's stock valued at $83,000 after purchasing an additional 76 shares during the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Stock Performance

Shares of CSWI traded up $0.64 during midday trading on Thursday, hitting $313.12. 26,490 shares of the company traded hands, compared to its average volume of 134,823. The firm has a 50 day moving average of $294.66 and a 200-day moving average of $346.36. CSW Industrials, Inc. has a 52 week low of $237.50 and a 52 week high of $436.50. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 37.52 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. Sell-side analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, April 25th. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.34%. CSW Industrials's dividend payout ratio (DPR) is 12.90%.

Analyst Ratings Changes

Several analysts recently commented on CSWI shares. The Goldman Sachs Group cut their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Citigroup dropped their price target on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. StockNews.com downgraded shares of 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 shares of CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Finally, Truist Financial started coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $342.50.

Insider Transactions at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total transaction of $57,820.00. Following the transaction, the director now directly owns 13,119 shares of the company's stock, valued at $3,792,702.90. This represents a 1.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Luke Alverson sold 919 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $303.21, for a total value of $278,649.99. Following the completion of the transaction, the senior vice president now owns 14,353 shares of the company's stock, valued at approximately $4,351,973.13. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,631 shares of company stock valued at $2,551,912. 1.40% of the stock is currently owned by company 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.