Tower Research Capital LLC TRC Sells 1,989 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Tower Research Capital LLC TRC lessened its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 83.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 385 shares of the basic materials company's stock after selling 1,989 shares during the period. Tower Research Capital LLC TRC's holdings in CSW Industrials were worth $136,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its stake in shares of CSW Industrials by 510.5% during the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock worth $42,000 after acquiring an additional 97 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of CSW Industrials by 94.3% during the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock worth $48,000 after purchasing an additional 66 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of CSW Industrials during the 4th quarter worth $51,000. Jones Financial Companies Lllp raised its position in shares of 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 buying an additional 123 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in shares of 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 buying an additional 76 shares during the period. Institutional investors and hedge funds own 82.79% of the company's stock.

Insider Transactions at CSW Industrials

In other news, SVP Luke Alverson sold 1,100 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $321,332.00. Following the completion of the sale, the senior vice president now owns 13,434 shares of the company's stock, valued at $3,924,340.08. This represents a 7.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $289.10, for a total transaction of $57,820.00. Following the completion of the transaction, the director now directly owns 13,119 shares of the company's stock, valued at approximately $3,792,702.90. This trade represents a 1.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,776 shares of company stock worth $2,595,496. Corporate insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

CSWI has been the subject of several recent research reports. Truist Financial started coverage on CSW Industrials in a report on Friday, February 14th. They issued a "hold" rating and a $362.00 price target for the company. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Wells Fargo & Company cut their target price 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. The Goldman Sachs Group cut their price target on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Finally, Citigroup lowered their price objective on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $342.50.

CSW Industrials Trading Up 5.8%

NASDAQ CSWI traded up $17.90 on Monday, reaching $329.17. The company's stock had a trading volume of 44,703 shares, compared to its average volume of 135,254. The firm has a market cap of $5.52 billion, a PE ratio of 39.30 and a beta of 0.96. The business has a 50-day moving average price of $296.30 and a 200 day moving average price of $342.17. CSW Industrials, Inc. has a 52 week low of $239.67 and a 52 week high of $436.50.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders 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 dividend yield of 0.33%. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date was Friday, April 25th. CSW Industrials's dividend payout ratio is presently 12.90%.

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.