Barclays PLC Raises Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Barclays PLC raised its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 18.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,595 shares of the basic materials company’s stock after buying an additional 5,323 shares during the period. Barclays PLC owned about 0.21% of CSW Industrials worth $12,204,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in CSW Industrials by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company’s stock valued at $653,638,000 after acquiring an additional 29,488 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of CSW Industrials by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company’s stock worth $138,983,000 after purchasing an additional 4,899 shares during the period. Congress Asset Management Co. boosted 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 worth $72,745,000 after buying an additional 2,544 shares during the last quarter. Proficio Capital Partners LLC grew its position in CSW Industrials by 35,553.3% during the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company’s stock valued at $71,320,000 after buying an additional 201,587 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in CSW Industrials by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 175,131 shares of the basic materials company’s stock valued at $61,786,000 after buying an additional 6,762 shares during the last quarter. 82.79% of the stock is owned by institutional investors.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, EVP Don Sullivan sold 2,222 shares of CSW Industrials stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $649,090.64. Following the sale, the executive vice president now owns 24,853 shares of the company’s stock, valued at $7,260,058.36. The trade was a 8.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $298.03, for a total value of $298,030.00. Following the transaction, the chief executive officer now owns 66,522 shares of the company’s stock, valued at $19,825,551.66. This represents a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,631 shares of company stock worth $2,551,912. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

CSWI has been the subject of a number of recent research reports. Truist Financial started coverage on shares of CSW Industrials in a research report on Friday, February 14th. They set a “hold” rating and a $362.00 price objective for the company. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. The Goldman Sachs Group lowered their price objective 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. Wells Fargo & Company reduced their target price on shares of CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Finally, Citigroup lowered their price target on shares of CSW Industrials from $364.00 to $313.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $342.50.

CSW Industrials Stock Down 2.4 %

NASDAQ CSWI opened at $291.18 on Tuesday. CSW Industrials, Inc. has a twelve month low of $232.20 and a twelve month high of $436.50. The business has a 50-day moving average price of $295.27 and a 200-day moving average price of $349.21. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 34.79 and a beta of 0.88.

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

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.37%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, April 25th. CSW Industrials’s dividend payout ratio (DPR) is presently 12.90%.

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.