CSW Industrials, Inc. (NASDAQ:CSWI) Stock Position Decreased by US Bancorp DE

US Bancorp DE cut its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 21.0% during the fourth quarter, Holdings Channel reports. The firm owned 2,504 shares of the basic materials company’s stock after selling 664 shares during the quarter. US Bancorp DE’s holdings in CSW Industrials were worth $883,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. National Bank of Canada FI acquired a new stake in CSW Industrials during the 3rd quarter worth about $28,000. IFP Advisors Inc increased its position in shares of CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 97 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of CSW Industrials by 94.3% during the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 66 shares during the period. Peterson Financial Group Inc. purchased a new stake in shares of CSW Industrials in the 3rd quarter valued at approximately $72,000. Finally, Parkside Financial Bank & Trust boosted its stake in CSW Industrials by 12,750.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 257 shares of the basic materials company’s stock worth $91,000 after purchasing an additional 255 shares during the period. 82.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup cut 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. The Goldman Sachs Group dropped their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Truist Financial started coverage on CSW Industrials in a research report on Friday, February 14th. They set a “hold” rating and a $362.00 price objective for the company. Wells Fargo & Company reduced their price target on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $379.00.

Insiders Place Their Bets

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $307.21, for a total value of $61,442.00. Following the sale, the director now directly owns 13,319 shares in the company, valued at $4,091,729.99. This trade represents a 1.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the transaction, the chief executive officer now directly owns 49,698 shares of the company’s stock, valued at $19,371,286.44. This represents a 1.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,448 shares of company stock valued at $3,543,172 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

CSW Industrials Price Performance

Shares of NASDAQ CSWI opened at $301.45 on Monday. CSW Industrials, Inc. has a one year low of $221.10 and a one year high of $436.50. The business’s 50-day moving average price is $338.13 and its two-hundred day moving average price is $361.06. The company has a market capitalization of $5.06 billion, a P/E ratio of 36.02 and a beta of 0.80.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data 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 return on equity of 15.72% and a net margin of 15.53%. On average, equities analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.24 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.32%. CSW Industrials’s dividend payout ratio (DPR) is currently 11.47%.

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.