Marietta Wealth Management LLC Invests $653,000 in CSW Industrials, Inc. (NASDAQ:CSWI)

Marietta Wealth Management LLC acquired a new stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,850 shares of the basic materials company’s stock, valued at approximately $653,000.

Other large investors have also recently made changes to their positions in the company. OLD National Bancorp IN lifted its stake in shares of CSW Industrials by 3.9% in the 4th quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company’s stock valued at $346,000 after acquiring an additional 37 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of CSW Industrials by 24.2% during the 4th quarter. Pacer Advisors Inc. now owns 1,197 shares of the basic materials company’s stock valued at $422,000 after buying an additional 233 shares in the last quarter. KBC Group NV boosted its stake in CSW Industrials by 60.5% during the fourth quarter. KBC Group NV now owns 706 shares of the basic materials company’s stock worth $249,000 after acquiring an additional 266 shares in the last quarter. Blue Trust Inc. grew its stake in shares of CSW Industrials by 25.3% in the 4th quarter. Blue Trust Inc. now owns 361 shares of the basic materials company’s stock worth $132,000 after buying an additional 73 shares during the last quarter. Finally, Andina Capital Management LLC raised its stake in CSW Industrials by 5.3% during the fourth quarter. Andina Capital Management LLC now owns 1,641 shares of the basic materials company’s stock valued at $579,000 after buying an additional 82 shares during the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, SVP Luke Alverson sold 1,416 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $548,204.40. Following the sale, the senior vice president now owns 17,156 shares in the company, valued at approximately $6,641,945.40. This trade represents a 7.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $404.79, for a total transaction of $404,790.00. Following the completion of the transaction, the chief executive officer now owns 50,698 shares of the company’s stock, valued at approximately $20,522,043.42. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,903 shares of company stock valued at $3,777,538. 1.40% of the stock is owned by company insiders.

CSW Industrials Stock Performance

Shares of NASDAQ:CSWI opened at $329.81 on Friday. The business has a 50-day simple moving average of $378.25 and a two-hundred day simple moving average of $358.58. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 44.81 and a beta of 0.85. CSW Industrials, Inc. has a fifty-two week low of $209.48 and a fifty-two week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data 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 13.77% and a return on equity of 17.07%. As a group, research analysts predict that CSW Industrials, Inc. will post 8.22 earnings per share for the current year.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CSWI. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company reduced their price objective on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research note on Friday. Citigroup dropped their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, The Goldman Sachs Group cut their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $384.67.

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.