Harvest Fund Management Co. Ltd Purchases 1,104 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Harvest Fund Management Co. Ltd raised its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 161.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,788 shares of the basic materials company’s stock after acquiring an additional 1,104 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in CSW Industrials were worth $631,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CSWI. Mutual of America Capital Management LLC bought a new stake in shares of CSW Industrials in the 3rd quarter worth approximately $916,000. Thrivent Financial for Lutherans boosted its position in shares of CSW Industrials by 40.3% in the 3rd 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 in the last quarter. Pathstone Holdings LLC boosted its position in shares of CSW Industrials by 12.6% in the 3rd quarter. Pathstone Holdings LLC now owns 6,070 shares of the basic materials company’s stock worth $2,224,000 after purchasing an additional 679 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of CSW Industrials in the 3rd quarter worth approximately $2,305,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of CSW Industrials by 81.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,322 shares of the basic materials company’s stock worth $9,644,000 after purchasing an additional 11,787 shares in the last quarter. 82.79% of the stock is owned by institutional investors.

Insider Buying and Selling at CSW Industrials

In other news, SVP Luke Alverson sold 1,522 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $358.16, for a total value 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 $5,599,473.44. This represents a 8.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value of $70,930.00. Following the completion of the sale, the director now owns 13,719 shares of the company’s stock, valued at $4,865,443.35. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,389 shares of company stock worth $3,104,831. Insiders own 1.40% of the company’s stock.

CSW Industrials Trading Up 0.4 %

Shares of CSWI opened at $292.66 on Friday. The firm has a market cap of $4.91 billion, a PE ratio of 34.97 and a beta of 0.80. The firm has a fifty day simple moving average of $326.35 and a two-hundred day simple moving average of $358.36. CSW Industrials, Inc. has a 1-year low of $225.83 and a 1-year high of $436.50.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. As a group, research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 0.33%. CSW Industrials’s dividend payout ratio is presently 11.47%.

Wall Street Analyst Weigh In

CSWI has been the topic of a number of analyst reports. The Goldman Sachs Group dropped their price target 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 lowered their price objective on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Citigroup lowered their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. 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. Finally, StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, CSW Industrials currently has a consensus rating of “Hold” and a consensus target price of $379.00.

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.