Alliancebernstein L.P. Sells 34,352 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Alliancebernstein L.P. decreased its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 320,546 shares of the basic materials company’s stock after selling 34,352 shares during the period. Alliancebernstein L.P. owned about 1.91% of CSW Industrials worth $113,089,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CSWI. State Street Corp boosted its holdings in CSW Industrials by 71.7% during the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after acquiring an additional 255,849 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in CSW Industrials by 35,553.3% during the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company’s stock worth $71,320,000 after purchasing an additional 201,587 shares during the last quarter. Norges Bank bought a new stake in CSW Industrials in the 4th quarter worth about $59,250,000. Riverbridge Partners LLC purchased a new stake in CSW Industrials in the 4th quarter valued at about $42,202,000. Finally, Principal Financial Group Inc. lifted its position in shares of CSW Industrials by 1,046.2% during the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock worth $31,140,000 after buying an additional 77,576 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CSWI. Truist Financial started coverage on shares of CSW Industrials in a research report on Friday, February 14th. They set a “hold” rating and a $362.00 price target for the company. Citigroup decreased their price target 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 dropped their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their price objective 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. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $379.00.

Insider Activity at CSW Industrials

In related news, SVP Luke Alverson sold 1,522 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $358.16, for a total value of $545,119.52. Following the transaction, the senior vice president now directly owns 15,634 shares in the company, valued at approximately $5,599,473.44. This represents a 8.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Don Sullivan sold 2,222 shares of CSW Industrials stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $649,090.64. Following the sale, the executive vice president now owns 24,853 shares of the company’s stock, valued at approximately $7,260,058.36. The trade was a 8.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,534 shares of company stock valued at $3,133,640. Company insiders own 1.40% of the company’s stock.

CSW Industrials Stock Performance

NASDAQ:CSWI opened at $303.04 on Thursday. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 36.21 and a beta of 0.88. CSW Industrials, Inc. has a 52-week low of $227.31 and a 52-week high of $436.50. The business’s fifty day moving average is $311.29 and its 200 day moving average is $357.48.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 EPS 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%. Equities analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

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