CSW Industrials, Inc. (NASDAQ:CSWI) Stake Lowered by Capital International Investors

Capital International Investors trimmed its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,315 shares of the basic materials company’s stock after selling 19,456 shares during the period. Capital International Investors owned about 1.40% of CSW Industrials worth $82,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CSWI. CANADA LIFE ASSURANCE Co raised its stake in shares of CSW Industrials by 1.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 22,740 shares of the basic materials company’s stock worth $8,020,000 after purchasing an additional 366 shares in the last quarter. NewEdge Advisors LLC raised its position in CSW Industrials by 9.0% during the fourth quarter. NewEdge Advisors LLC now owns 1,248 shares of the basic materials company’s stock valued at $440,000 after acquiring an additional 103 shares in the last quarter. XTX Topco Ltd acquired a new stake in CSW Industrials in the fourth quarter valued at approximately $614,000. Mariner LLC grew its position in CSW Industrials by 2.1% in the fourth quarter. Mariner LLC now owns 2,204 shares of the basic materials company’s stock worth $778,000 after acquiring an additional 45 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of CSW Industrials by 18.2% during the 4th quarter. Barclays PLC now owns 34,595 shares of the basic materials company’s stock worth $12,204,000 after purchasing an additional 5,323 shares during the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CSWI shares. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. The Goldman Sachs Group cut their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Wells Fargo & Company decreased their target price on CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Citigroup dropped their price target on shares of CSW Industrials from $364.00 to $313.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, Truist Financial started coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 price objective for the company. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $342.50.

CSW Industrials Stock Up 1.0 %

Shares of NASDAQ CSWI opened at $298.43 on Friday. CSW Industrials, Inc. has a 12 month low of $232.20 and a 12 month high of $436.50. The company has a market cap of $5.01 billion, a P/E ratio of 35.65 and a beta of 0.88. The business’s 50 day moving average is $295.74 and its two-hundred day moving average is $349.90.

CSW Industrials (NASDAQ:CSWI) last announced 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%. Sell-side analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Friday, April 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.24. CSW Industrials’s dividend payout ratio (DPR) is presently 12.90%.

Insider Buying and Selling

In other CSW Industrials news, EVP Don Sullivan sold 2,222 shares of the business’s stock in a transaction 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 $7,260,058.36. The trade was a 8.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Luke Alverson sold 919 shares of the firm’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $303.21, for a total transaction of $278,649.99. Following the transaction, the senior vice president now directly owns 14,353 shares of the company’s stock, valued at $4,351,973.13. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,631 shares of company stock valued at $2,551,912 over the last three months. 1.40% of the stock is 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.