Teachers Retirement System of The State of Kentucky Raises Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Teachers Retirement System of The State of Kentucky grew its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 87,816.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,275 shares of the basic materials company's stock after purchasing an additional 5,269 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in CSW Industrials were worth $1,861,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of CSW Industrials by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company's stock valued at $653,638,000 after purchasing an additional 29,488 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of CSW Industrials by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company's stock valued at $138,983,000 after purchasing an additional 4,899 shares during the last quarter. Congress Asset Management Co. increased its holdings in shares of CSW Industrials by 1.2% in the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company's stock valued at $72,745,000 after purchasing an additional 2,544 shares during the period. Proficio Capital Partners LLC raised its stake in shares of CSW Industrials by 35,553.3% during the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock worth $71,320,000 after purchasing an additional 201,587 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in CSW Industrials by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 175,131 shares of the basic materials company's stock valued at $61,786,000 after buying an additional 6,762 shares during the period. Hedge funds and other institutional investors own 82.79% of the company's stock.

CSW Industrials Stock Up 0.8 %

CSWI stock traded up $2.44 during midday trading on Thursday, hitting $314.92. 17,171 shares of the company traded hands, compared to its average volume of 134,793. CSW Industrials, Inc. has a twelve month low of $237.50 and a twelve month high of $436.50. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 37.79 and a beta of 0.88. The business has a 50 day simple moving average of $294.66 and a 200-day simple moving average of $346.36.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. Equities research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued a dividend of $0.27 per share. 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 0.34%. CSW Industrials's dividend payout ratio is presently 12.90%.

Insider Buying and Selling at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $321.78, for a total transaction of $64,356.00. Following the completion of the sale, the director now owns 13,519 shares of the company's stock, valued at $4,350,143.82. This trade represents a 1.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Don Sullivan sold 2,222 shares of the business'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 sale, the executive vice president now owns 24,853 shares of the company's stock, valued at approximately $7,260,058.36. This represents a 8.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,631 shares of company stock worth $2,551,912. Insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

CSWI has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their price objective on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company decreased their price objective 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. StockNews.com lowered shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Citigroup reduced 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. Finally, Truist Financial began coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a "hold" rating and a $362.00 price objective for the company. 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, CSW Industrials presently has a consensus rating of "Hold" and a consensus price target of $342.50.

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.