CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC decreased its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,605 shares of the basic materials company’s stock after selling 12,948 shares during the quarter. WCM Investment Management LLC owned about 0.40% of CSW Industrials worth $23,576,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC lifted its holdings in CSW Industrials by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock valued at $142,536,000 after acquiring an additional 26,728 shares during the last quarter. Mutual of America Capital Management LLC bought a new stake in shares of CSW Industrials in the 3rd quarter worth approximately $916,000. Charles Schwab Investment Management Inc. lifted its stake in CSW Industrials by 13.2% during 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 purchasing an additional 19,659 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in CSW Industrials by 40.3% during the third quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock worth $10,414,000 after buying an additional 8,161 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in CSW Industrials by 8.5% in the third quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock worth $3,482,000 after buying an additional 744 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $389.78, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Don Sullivan sold 1,965 shares of CSW Industrials stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $760,749.75. Following the sale, the executive vice president now owns 30,804 shares of the company’s stock, valued at approximately $11,925,768.60. This represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,103 shares of company stock valued at $3,841,894. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CSWI shares. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Wells Fargo & Company reduced their target price 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. Citigroup dropped their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, The Goldman Sachs Group reduced their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $384.67.

CSW Industrials Stock Down 0.9 %

CSWI opened at $325.19 on Friday. CSW Industrials, Inc. has a 12-month low of $218.03 and a 12-month high of $436.50. The firm has a market capitalization of $5.46 billion, a P/E ratio of 38.85 and a beta of 0.84. The stock has a fifty day moving average of $368.41 and a 200-day moving average of $359.71.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) 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%. On average, analysts expect that CSW Industrials, Inc. will post 8.59 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Friday, January 31st. CSW Industrials’s payout ratio is presently 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.