Ethic Inc. Buys New Shares in CSW Industrials, Inc. (NASDAQ:CSWI)

Ethic Inc. bought a new stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,734 shares of the basic materials company’s stock, valued at approximately $612,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Atria Investments Inc grew its holdings in shares of CSW Industrials by 1.4% during the 4th quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company’s stock valued at $835,000 after purchasing an additional 32 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in CSW Industrials by 0.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock valued at $1,388,000 after buying an additional 34 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in CSW Industrials by 1.0% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,590 shares of the basic materials company’s stock valued at $1,267,000 after buying an additional 35 shares during the period. OLD National Bancorp IN boosted its position in CSW Industrials by 3.9% during the 4th quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company’s stock valued at $346,000 after buying an additional 37 shares during the period. Finally, TCTC Holdings LLC boosted its position in CSW Industrials by 2.3% during the 4th quarter. TCTC Holdings LLC now owns 1,841 shares of the basic materials company’s stock valued at $650,000 after buying an additional 41 shares during the period. Institutional investors own 82.79% of the company’s stock.

Insider Activity at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $312.87, for a total transaction of $62,574.00. Following the completion of the transaction, the director now directly owns 12,919 shares of the company’s stock, valued at $4,041,967.53. This trade represents a 1.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO James E. Perry sold 145 shares of CSW Industrials stock in a transaction dated 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 directly owns 23,282 shares of the company’s stock, valued at approximately $7,165,501.14. This trade represents a 0.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,776 shares of company stock valued at $2,595,496 in the last three months. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CSWI shares. Truist Financial started coverage on shares of CSW Industrials in a research report on Friday, February 14th. They set a “hold” rating and a $362.00 price target for the company. Citigroup dropped their price target on shares of CSW Industrials from $364.00 to $313.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Wells Fargo & Company dropped their price target on shares of 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. Finally, StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $342.50.

CSW Industrials Trading Up 0.0%

NASDAQ:CSWI opened at $336.43 on Thursday. The company has a 50-day moving average price of $297.53 and a 200-day moving average price of $341.86. CSW Industrials, Inc. has a 12 month low of $239.67 and a 12 month high of $436.50. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 40.19 and a beta of 0.96.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were given a dividend of $0.27 per share. This is a boost from CSW Industrials’s previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Friday, April 25th. CSW Industrials’s dividend payout ratio (DPR) is 12.90%.

CSW Industrials 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.