Cibc World Markets Corp Invests $553,000 in CSW Industrials, Inc. (NASDAQ:CSWI)

Cibc World Markets Corp acquired a new position in CSW Industrials, Inc. (NASDAQ:CSWI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,567 shares of the basic materials company’s stock, valued at approximately $553,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. National Bank of Canada FI acquired a new stake in CSW Industrials during the third quarter worth $28,000. IFP Advisors Inc boosted its stake in CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after buying an additional 97 shares in the last quarter. GAMMA Investing LLC boosted its stake in CSW Industrials by 94.3% during the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock worth $48,000 after buying an additional 66 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in CSW Industrials during the fourth quarter worth $51,000. Finally, Jones Financial Companies Lllp boosted its stake in CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock worth $58,000 after buying an additional 123 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

CSWI has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. The Goldman Sachs Group cut their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Citigroup cut their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Finally, Truist Financial assumed coverage on CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $379.00.

Insiders Place Their Bets

In other CSW Industrials news, CFO James E. Perry sold 145 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $307.77, for a total transaction of $44,626.65. Following the completion of the sale, the chief financial officer now directly owns 23,282 shares of the company’s stock, valued at approximately $7,165,501.14. The trade was a 0.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $378.32, for a total value of $378,320.00. Following the sale, the chief executive officer now directly owns 48,848 shares of the company’s stock, valued at $18,480,175.36. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,389 shares of company stock valued at $3,104,831. 1.40% of the stock is currently owned by insiders.

CSW Industrials Stock Up 0.0 %

CSW Industrials stock opened at $292.79 on Friday. The stock has a 50-day simple moving average of $324.96 and a 200 day simple moving average of $358.34. CSW Industrials, Inc. has a 12-month low of $225.83 and a 12-month high of $436.50. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 34.98 and a beta of 0.80.

CSW Industrials (NASDAQ:CSWI) last released its quarterly 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, sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

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

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.