CSW Industrials, Inc. (NASDAQ:CSWI) Position Increased by Kensington Investment Counsel LLC

Kensington Investment Counsel LLC raised its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,902 shares of the basic materials company’s stock after buying an additional 85 shares during the period. Kensington Investment Counsel LLC owned about 0.05% of CSW Industrials worth $3,141,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in CSW Industrials by 71.7% during the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after buying an additional 255,849 shares in the last quarter. Geode Capital Management LLC boosted its holdings in CSW Industrials by 7.4% during the third 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 in the last quarter. Congress Asset Management Co. boosted its holdings in CSW Industrials by 1.2% during the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company’s stock worth $72,745,000 after buying an additional 2,544 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in 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 buying an additional 201,587 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in CSW Industrials by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 175,131 shares of the basic materials company’s stock worth $61,786,000 after buying an additional 6,762 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup reduced their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Wells Fargo & Company decreased their price objective on shares of 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. Truist Financial began coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective for the company. Finally, The Goldman Sachs Group decreased their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $379.00.

CSW Industrials Stock Up 0.6 %

CSWI stock opened at $292.84 on Tuesday. CSW Industrials, Inc. has a 12-month low of $221.10 and a 12-month high of $436.50. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 34.99 and a beta of 0.80. The company has a 50 day moving average of $330.53 and a two-hundred day moving average of $359.65.

CSW Industrials (NASDAQ:CSWI) last released its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given 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 0.33%. CSW Industrials’s payout ratio is 11.47%.

Insiders Place Their Bets

In other news, CFO James E. Perry sold 145 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $307.77, for a total transaction of $44,626.65. Following the transaction, the chief financial officer now owns 23,282 shares in the company, valued at approximately $7,165,501.14. This trade represents a 0.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $307.21, for a total transaction of $61,442.00. Following the transaction, the director now owns 13,319 shares in the company, valued at $4,091,729.99. This represents a 1.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,067 shares of company stock worth $1,844,438 in the last quarter. 1.40% of the stock is currently owned by corporate 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.