Richard Bernstein Advisors LLC Trims Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Richard Bernstein Advisors LLC lessened its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 19.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,534 shares of the basic materials company’s stock after selling 3,086 shares during the period. Richard Bernstein Advisors LLC owned about 0.07% of CSW Industrials worth $4,422,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of CSW Industrials by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock valued at $142,536,000 after purchasing an additional 26,728 shares during the period. Mutual of America Capital Management LLC purchased a new position in CSW Industrials in the third quarter valued at $916,000. Charles Schwab Investment Management Inc. raised its position in shares of CSW Industrials by 13.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock worth $61,689,000 after acquiring an additional 19,659 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of CSW Industrials by 40.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock worth $10,414,000 after acquiring an additional 8,161 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of CSW Industrials by 8.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock valued at $3,482,000 after acquiring an additional 744 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $389.78, for a total value of $389,780.00. Following the completion of the sale, the chief executive officer now owns 49,698 shares of the company’s stock, valued at approximately $19,371,286.44. This trade represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Luke Alverson sold 1,416 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $387.15, for a total value of $548,204.40. Following the transaction, the senior vice president now directly owns 17,156 shares in the company, valued at $6,641,945.40. This trade represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,103 shares of company stock valued at $3,437,104 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Truist Financial initiated coverage on CSW Industrials in a research note on Friday, February 14th. They set a “hold” rating and a $362.00 target price for the company. Wells Fargo & Company dropped 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. Citigroup decreased their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Finally, The Goldman Sachs Group dropped their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $379.00.

CSW Industrials Stock Performance

Shares of CSWI opened at $303.43 on Wednesday. The stock has a 50 day moving average price of $348.78 and a 200 day moving average price of $361.43. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 36.25 and a beta of 0.84. CSW Industrials, Inc. has a one year low of $221.10 and a one year high of $436.50.

CSW Industrials (NASDAQ:CSWI) last released its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping 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%. On average, analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

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