Xponance Inc. Raises Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Xponance Inc. lifted its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 12.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,207 shares of the basic materials company’s stock after acquiring an additional 130 shares during the quarter. Xponance Inc.’s holdings in CSW Industrials were worth $426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSWI. Anchor Investment Management LLC increased its stake in CSW Industrials by 2.5% in the 3rd quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock worth $472,000 after acquiring an additional 32 shares during the last quarter. Atria Investments Inc increased its position in CSW Industrials by 1.4% in the fourth quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company’s stock worth $835,000 after purchasing an additional 32 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in CSW Industrials by 0.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock valued at $1,388,000 after purchasing an additional 34 shares in the last quarter. Morse Asset Management Inc lifted its position in CSW Industrials by 2.3% during the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock valued at $594,000 after purchasing an additional 36 shares during the last quarter. Finally, OLD National Bancorp IN lifted its position in CSW Industrials by 3.9% during the fourth quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company’s stock valued at $346,000 after purchasing an additional 37 shares during the last quarter. 82.79% of the stock is owned by institutional investors.

Insider Activity at CSW Industrials

In other CSW Industrials news, EVP Don Sullivan sold 1,800 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $377.58, for a total value of $679,644.00. Following the completion of the sale, the executive vice president now directly owns 29,004 shares in the company, valued at approximately $10,951,330.32. This represents a 5.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value of $70,930.00. Following the transaction, the director now directly owns 13,719 shares in the company, valued at $4,865,443.35. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,389 shares of company stock worth $3,104,831. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CSWI. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup decreased their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Truist Financial began 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 decreased their price target on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, The Goldman Sachs Group dropped 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 given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $379.00.

CSW Industrials Stock Down 2.3 %

CSWI opened at $299.76 on Thursday. The business has a fifty day moving average of $320.79 and a 200 day moving average of $358.45. CSW Industrials, Inc. has a 52-week low of $226.05 and a 52-week high of $436.50. The stock has a market cap of $5.03 billion, a P/E ratio of 35.81 and a beta of 0.80.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 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%. Equities analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio is presently 11.47%.

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.