SageView Advisory Group LLC Boosts Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

SageView Advisory Group LLC grew its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 99.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,573 shares of the basic materials company’s stock after acquiring an additional 10,756 shares during the quarter. SageView Advisory Group LLC’s holdings in CSW Industrials were worth $7,611,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its position 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 acquiring an additional 26,728 shares during the last quarter. Raymond James Financial Inc. purchased a new position in CSW Industrials in the 4th quarter worth approximately $18,197,000. Blue Trust Inc. boosted its holdings in shares of CSW Industrials by 25.3% during the 4th quarter. Blue Trust Inc. now owns 361 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 73 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of CSW Industrials by 5.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company’s stock valued at $291,000 after purchasing an additional 46 shares in the last quarter. Finally, Congress Asset Management Co. increased its holdings in shares of CSW Industrials by 1.2% in the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company’s stock valued at $72,745,000 after purchasing an additional 2,544 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Insider Transactions at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total transaction of $57,820.00. Following the transaction, the director now owns 13,119 shares of the company’s stock, valued at approximately $3,792,702.90. This represents a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $378.32, for a total value of $378,320.00. Following the completion of the transaction, the chief executive officer now directly owns 48,848 shares of the company’s stock, valued at approximately $18,480,175.36. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,534 shares of company stock worth $3,133,640 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

CSWI has been the subject of several analyst reports. Truist Financial started coverage on CSW Industrials in a report on Friday, February 14th. They issued a “hold” rating and a $362.00 target price for the company. Wells Fargo & Company dropped 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 report on Friday, January 31st. Citigroup reduced their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group cut their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, CSW Industrials currently has a consensus rating of “Hold” and an average price target of $379.00.

CSW Industrials Trading Up 6.6 %

Shares of CSWI opened at $300.61 on Friday. The company’s 50-day moving average price is $298.55 and its 200 day moving average price is $352.31. CSW Industrials, Inc. has a 12-month low of $229.49 and a 12-month high of $436.50. The firm has a market cap of $5.05 billion, a P/E ratio of 35.92 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results 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 net margin of 15.53% and a return on equity of 15.72%. Equities research analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be given a $0.27 dividend. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 0.36%. CSW Industrials’s payout ratio is presently 12.90%.

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.