CSW Industrials, Inc. (NASDAQ:CSWI) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,069 shares of the basic materials company’s stock after buying an additional 600 shares during the quarter. Handelsbanken Fonder AB’s holdings in CSW Industrials were worth $2,141,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of CSW Industrials by 7.4% during 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 period. Mutual of America Capital Management LLC acquired a new stake in shares of CSW Industrials during the third quarter worth $916,000. Charles Schwab Investment Management Inc. boosted its stake in CSW Industrials by 13.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock worth $61,689,000 after buying an additional 19,659 shares during the last quarter. Thrivent Financial for Lutherans increased its position 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 purchasing an additional 8,161 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of CSW Industrials by 8.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock valued at $3,482,000 after buying an additional 744 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Price Performance

CSWI opened at $303.43 on Wednesday. The firm has a 50 day simple moving average of $348.78 and a 200 day simple moving average of $361.43. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 36.25 and a beta of 0.84. CSW Industrials, Inc. has a fifty-two week low of $221.10 and a fifty-two week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share 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, analysts expect 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. Investors of record on Friday, January 31st were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date was Friday, January 31st. CSW Industrials’s payout ratio is currently 11.47%.

Insider Transactions at CSW Industrials

In other CSW Industrials news, SVP Luke Alverson sold 1,522 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 15,634 shares in the company, valued at approximately $5,599,473.44. This trade represents a 8.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Don Sullivan sold 1,965 shares of CSW Industrials stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $387.15, for a total value of $760,749.75. Following the completion of the sale, the executive vice president now owns 30,804 shares of the company’s stock, valued at approximately $11,925,768.60. The trade was a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,103 shares of company stock valued at $3,437,104. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Truist Financial began coverage on CSW Industrials in a research report on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective on the stock. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Citigroup reduced their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group decreased their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company lowered their target price on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $379.00.

About CSW Industrials

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.