CSW Industrials, Inc. (NASDAQ:CSWI) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. grew its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 826 shares of the basic materials company’s stock after acquiring an additional 46 shares during the period. Avantax Advisory Services Inc.’s holdings in CSW Industrials were worth $291,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mutual of America Capital Management LLC acquired a new stake in CSW Industrials during the 3rd quarter valued at approximately $916,000. Pathstone Holdings LLC grew its position in shares of CSW Industrials by 12.6% during the third quarter. Pathstone Holdings LLC now owns 6,070 shares of the basic materials company’s stock worth $2,224,000 after buying an additional 679 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of CSW Industrials in the third quarter worth $1,732,000. Charles Schwab Investment Management Inc. raised its holdings in CSW Industrials by 13.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock valued at $61,689,000 after acquiring an additional 19,659 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in CSW Industrials by 367.6% during the 3rd quarter. Citigroup Inc. now owns 20,816 shares of the basic materials company’s stock valued at $7,627,000 after acquiring an additional 16,364 shares during the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

CSW Industrials Trading Up 1.5 %

Shares of NASDAQ CSWI opened at $306.80 on Wednesday. CSW Industrials, Inc. has a 12-month low of $225.83 and a 12-month high of $436.50. 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 stock’s 50 day simple moving average is $322.40 and its 200 day simple moving average is $358.86.

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

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is 11.47%.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the transaction, the director now owns 13,719 shares of the company’s stock, valued at approximately $4,865,443.35. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Don Sullivan sold 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $377.58, for a total transaction of $679,644.00. Following the completion of the sale, the executive vice president now directly owns 29,004 shares of the company’s stock, valued at approximately $10,951,330.32. This represents a 5.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,389 shares of company stock worth $3,104,831. 1.40% of the stock is owned by company insiders.

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.