Cadinha & Co. LLC Decreases Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Cadinha & Co. LLC cut its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 13.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,283 shares of the basic materials company’s stock after selling 650 shares during the period. Cadinha & Co. LLC’s holdings in CSW Industrials were worth $1,511,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of CSW Industrials by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock worth $142,536,000 after buying an additional 26,728 shares during the last quarter. Mutual of America Capital Management LLC purchased a new stake in CSW Industrials in the third quarter valued at $916,000. Charles Schwab Investment Management Inc. boosted its stake in CSW Industrials by 13.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock valued at $61,689,000 after acquiring an additional 19,659 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of CSW Industrials by 40.3% during the third quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock worth $10,414,000 after purchasing an additional 8,161 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of CSW Industrials by 8.5% during the third quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock worth $3,482,000 after purchasing an additional 744 shares in the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. The Goldman Sachs Group lowered their target price 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. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Finally, Citigroup lowered their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $404.67.

CSW Industrials Price Performance

NASDAQ:CSWI opened at $390.21 on Friday. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 53.02 and a beta of 0.85. The firm’s fifty day moving average price is $388.48 and its 200 day moving average price is $352.95. CSW Industrials, Inc. has a 1-year low of $203.83 and a 1-year high of $436.50.

CSW Industrials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.25%. CSW Industrials’s dividend payout ratio (DPR) is 13.04%.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $378.32, for a total transaction of $378,320.00. Following the sale, the chief executive officer now directly owns 48,848 shares in the company, valued at approximately $18,480,175.36. The trade was a 2.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Don Sullivan sold 1,965 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $760,749.75. Following the completion of the sale, the executive vice president now owns 30,804 shares of the company’s stock, valued at $11,925,768.60. This trade represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,903 shares of company stock valued at $3,777,538 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

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.