Louisiana State Employees Retirement System Has $2.86 Million Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Louisiana State Employees Retirement System boosted its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,100 shares of the basic materials company’s stock after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in CSW Industrials were worth $2,858,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. State Street Corp raised its holdings in CSW Industrials by 71.7% in the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after acquiring an additional 255,849 shares during the period. Riverbridge Partners LLC bought a new position in CSW Industrials in the 4th quarter valued at about $42,202,000. Principal Financial Group Inc. raised its holdings in CSW Industrials by 1,046.2% in the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock valued at $31,140,000 after acquiring an additional 77,576 shares during the period. Loomis Sayles & Co. L P bought a new position in CSW Industrials in the 3rd quarter valued at about $25,589,000. Finally, Franklin Resources Inc. raised its holdings in CSW Industrials by 2,006.7% in the 3rd quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company’s stock valued at $22,702,000 after acquiring an additional 54,882 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robert M. Swartz sold 200 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the sale, the director now owns 13,719 shares in the company, valued at approximately $4,865,443.35. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Don Sullivan sold 1,965 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $760,749.75. Following the sale, the executive vice president now owns 30,804 shares in the company, valued at $11,925,768.60. This represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,103 shares of company stock worth $3,437,104. Corporate insiders own 1.40% of the company’s stock.

CSW Industrials Trading Up 0.8 %

Shares of CSWI opened at $317.41 on Friday. CSW Industrials, Inc. has a 12 month low of $221.10 and a 12 month high of $436.50. The firm’s 50 day moving average is $362.71 and its 200-day moving average is $360.72. The stock has a market capitalization of $5.33 billion, a PE ratio of 37.92 and a beta of 0.84.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. Equities research analysts predict that CSW Industrials, Inc. will post 8.59 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 0.30%. CSW Industrials’s dividend payout ratio is 11.47%.

Wall Street Analysts Forecast Growth

CSWI has been the topic of several research analyst reports. Citigroup lowered their price target on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group lowered their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company lowered their target price on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, CSW Industrials presently has an average rating of “Hold” and a consensus target price of $384.67.

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.