HighTower Advisors LLC Raises Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

HighTower Advisors LLC grew its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 7.7% in the 4th quarter, Holdings Channel reports. The firm owned 3,796 shares of the basic materials company’s stock after purchasing an additional 272 shares during the period. HighTower Advisors LLC’s holdings in CSW Industrials were worth $1,339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CSW Industrials by 4.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,865 shares of the basic materials company’s stock worth $1,011,000 after acquiring an additional 123 shares in the last quarter. Edgestream Partners L.P. bought a new position in CSW Industrials in the fourth quarter worth $7,606,000. Inceptionr LLC purchased a new position in CSW Industrials during the fourth quarter valued at $1,062,000. Raymond James Financial Inc. bought a new stake in shares of CSW Industrials during the 4th quarter valued at $18,197,000. Finally, Arizona State Retirement System grew its position in shares of CSW Industrials by 7.5% in the 4th quarter. Arizona State Retirement System now owns 4,811 shares of the basic materials company’s stock worth $1,697,000 after buying an additional 337 shares during the period. 82.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other CSW Industrials news, CFO James E. Perry sold 145 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $307.77, for a total transaction of $44,626.65. Following the completion of the sale, the chief financial officer now directly owns 23,282 shares in the company, valued at $7,165,501.14. The trade was a 0.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Luke Alverson sold 1,522 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $358.16, for a total transaction of $545,119.52. Following the completion of the transaction, the senior vice president now owns 15,634 shares in the company, valued at $5,599,473.44. This trade represents a 8.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,389 shares of company stock valued at $3,104,831 over the last three months. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages 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. The Goldman Sachs Group lowered their target price 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. Wells Fargo & Company cut their price target on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Citigroup reduced their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Finally, Truist Financial started coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, CSW Industrials has a consensus rating of “Hold” and an average price target of $379.00.

CSW Industrials Trading Up 1.5 %

Shares of CSWI opened at $306.80 on Wednesday. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 36.65 and a beta of 0.80. The business’s fifty day simple moving average is $322.40 and its two-hundred day simple moving average is $358.86. CSW Industrials, Inc. has a 12 month low of $225.83 and a 12 month high of $436.50.

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, beating the consensus estimate 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, research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current 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 $0.24 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.31%. 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.