CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by GenTrust LLC

GenTrust LLC lessened its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 13.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,340 shares of the basic materials company’s stock after selling 660 shares during the quarter. GenTrust LLC’s holdings in CSW Industrials were worth $1,531,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CSWI. Private Advisor Group LLC acquired a new stake in shares of CSW Industrials in the third quarter valued at approximately $202,000. State of Alaska Department of Revenue acquired a new stake in CSW Industrials during the third quarter worth $3,477,000. Nisa Investment Advisors LLC increased its stake in CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 173 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in CSW Industrials during the third quarter worth $1,429,000. Finally, Congress Asset Management Co. increased its stake in CSW Industrials by 3.8% during the third quarter. Congress Asset Management Co. now owns 203,651 shares of the basic materials company’s stock worth $74,616,000 after acquiring an additional 7,405 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. The Goldman Sachs Group cut their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Truist Financial assumed coverage on CSW Industrials in a research note on Friday, February 14th. They set a “hold” rating and a $362.00 target price for the company. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Wells Fargo & Company cut their target price on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, Citigroup cut their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, CSW Industrials has a consensus rating of “Hold” and an average target price of $379.00.

Insider Activity at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $321.78, for a total value of $64,356.00. Following the completion of the transaction, the director now directly owns 13,519 shares in the company, valued at approximately $4,350,143.82. This trade represents a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Monday, December 16th. The shares were sold at an average price of $389.78, for a total value of $389,780.00. Following the completion of the transaction, the chief executive officer now owns 49,698 shares of the company’s stock, valued at approximately $19,371,286.44. This trade represents a 1.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,103 shares of company stock worth $3,437,104. Company insiders own 1.40% of the company’s stock.

CSW Industrials Trading Up 0.6 %

Shares of NASDAQ CSWI opened at $305.27 on Thursday. CSW Industrials, Inc. has a twelve month low of $221.10 and a twelve month high of $436.50. The stock has a fifty day simple moving average of $347.25 and a 200-day simple moving average of $361.42. The stock has a market capitalization of $5.12 billion, a PE ratio of 36.47 and a beta of 0.84.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating 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%. On average, equities analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 0.31%. CSW Industrials’s dividend payout ratio (DPR) is presently 11.47%.

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.