6 days Ago By ABMN Staff
Mariner LLC boosted its holdings in CSW Industrials, Inc. ( NASDAQ:CSWI – Free Report ) by 2.1% in the fourth quarter, HoldingsChannel reports.
The firm owned 2,204 shares of the basic materials company’s stock after purchasing an additional 45 shares during the period. Mariner LLC’s holdings in CSW Industrials were worth $778,000 at the end of the most recent quarter. Other hedge funds have also added to or reduced their stakes in the company.
Raymond James Financial Inc. bought a new stake in CSW Industrials in the fourth quarter worth approximately $18,197,000. Blue Trust Inc.
increased its holdings in CSW Industrials by 25.3% in the fourth quarter. Blue Trust Inc.
now owns 361 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 73 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of CSW Industrials by 5.
9% during the fourth quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company’s stock valued at $291,000 after acquiring an additional 46 shares in the last quarter.
Congress Asset Management Co. increased its holdings in shares of 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 valued at $72,745,000 after acquiring an additional 2,544 shares in the last quarter. Finally, U.
S. Capital Wealth Advisors LLC increased its holdings in shares of CSW Industrials by 40.0% during the fourth quarter.
U.S. Capital Wealth Advisors LLC now owns 3,500 shares of the basic materials company’s stock valued at $1,235,000 after acquiring an additional 1,000 shares in the last quarter.
82.79% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades Several equities research analysts have recently commented on CSWI shares.
Wells Fargo & Company decreased their price objective on CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating for the company in a report on Monday, April 14th.
StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. The Goldman Sachs Group decreased their price target on CSW Industrials from $450.
00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Citigroup decreased their price target on CSW Industrials from $364.
00 to $313.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, Truist Financial began coverage on CSW Industrials in a report on Friday, February 14th.
They set a “hold” rating and a $362.00 price target for the company. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company.
According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $342.50.
Insider Activity In related news, SVP Luke Alverson sold 919 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $303.21, for a total transaction of $278,649.
99. Following the completion of the transaction, the senior vice president now owns 14,353 shares of the company’s stock, valued at approximately $4,351,973.13.
The trade was a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website .
Also, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $321.
78, for a total transaction of $64,356.00. Following the transaction, the director now directly owns 13,519 shares of the company’s stock, valued at approximately $4,350,143.
82. This represents a 1.46 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold 8,631 shares of company stock valued at $2,551,912 in the last 90 days. Insiders own 1.
40% of the company’s stock. CSW Industrials Price Performance Shares of NASDAQ CSWI opened at $311.48 on Tuesday.
CSW Industrials, Inc. has a one year low of $237.19 and a one year high of $436.
50. The business’s fifty day moving average price is $294.34 and its 200-day moving average price is $346.
81. The stock has a market capitalization of $5.23 billion, a PE ratio of 37.
21 and a beta of 0.88. CSW Industrials ( NASDAQ:CSWI – Get Free Report ) last issued its quarterly earnings results on Thursday, January 30th.
The basic materials company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.
11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.
53%. As a group, equities analysts expect that CSW Industrials, Inc. will post 8.
49 EPS for the current fiscal year. CSW Industrials Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a dividend of $0.
27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.
35%. The ex-dividend date is Friday, April 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.
24. CSW Industrials’s dividend payout ratio is currently 12.90%.
About CSW Industrials ( Free Report ) 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.
Read More Want to see what other hedge funds are holding CSWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CSW Industrials, Inc. ( NASDAQ:CSWI – Free Report ).
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