Segall Bryant & Hamill LLC Cuts Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Segall Bryant & Hamill LLC reduced its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,199 shares of the basic materials company’s stock after selling 285 shares during the quarter. Segall Bryant & Hamill LLC owned 0.13% of CSW Industrials worth $7,479,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Congress Wealth Management LLC DE increased its holdings in CSW Industrials by 2.6% in the 4th quarter. Congress Wealth Management LLC DE now owns 34,513 shares of the basic materials company’s stock valued at $12,177,000 after purchasing an additional 880 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of CSW Industrials by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company’s stock valued at $653,638,000 after buying an additional 29,488 shares during the period. LPL Financial LLC lifted its position in CSW Industrials by 7.3% during the 4th quarter. LPL Financial LLC now owns 13,045 shares of the basic materials company’s stock worth $4,602,000 after acquiring an additional 888 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in CSW Industrials in the 4th quarter worth approximately $1,623,000. Finally, Sei Investments Co. grew its position in CSW Industrials by 21.7% in the fourth quarter. Sei Investments Co. now owns 54,600 shares of the basic materials company’s stock valued at $19,263,000 after acquiring an additional 9,752 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Stock Performance

Shares of CSW Industrials stock opened at $299.76 on Thursday. CSW Industrials, Inc. has a 1 year low of $226.05 and a 1 year high of $436.50. The firm’s 50-day simple moving average is $320.79 and its 200-day simple moving average is $358.45. The firm has a market cap of $5.03 billion, a PE ratio of 35.81 and a beta of 0.80.

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, 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%. On average, equities analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.32%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is presently 11.47%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, SVP Luke Alverson sold 1,522 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $358.16, for a total transaction of $545,119.52. Following the sale, the senior vice president now owns 15,634 shares in the company, valued at $5,599,473.44. This represents a 8.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $378.32, for a total value of $378,320.00. Following the completion of the transaction, the chief executive officer now owns 48,848 shares of the company’s stock, valued at approximately $18,480,175.36. The trade was a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,389 shares of company stock valued at $3,104,831 over the last 90 days. 1.40% of the stock is owned by company insiders.

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.