CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC reduced its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,652 shares of the basic materials company’s stock after selling 1,036 shares during the period. Great Lakes Advisors LLC’s holdings in CSW Industrials were worth $8,697,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its position in CSW Industrials by 71.7% during the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after purchasing an additional 255,849 shares during the last quarter. Geode Capital Management LLC increased its position in CSW Industrials by 7.4% during the third quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock worth $142,536,000 after purchasing an additional 26,728 shares during the last quarter. Congress Asset Management Co. increased its position in CSW Industrials by 1.2% during the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company’s stock worth $72,745,000 after purchasing an additional 2,544 shares during the last quarter. Proficio Capital Partners LLC increased its position 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. Finally, Charles Schwab Investment Management Inc. increased its position in CSW Industrials by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 175,131 shares of the basic materials company’s stock worth $61,786,000 after purchasing an additional 6,762 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO James E. Perry sold 145 shares of CSW Industrials stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $307.77, for a total value of $44,626.65. Following the completion of the transaction, the chief financial officer now owns 23,282 shares in the company, valued at $7,165,501.14. The trade was a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Luke Alverson sold 1,416 shares of CSW Industrials stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $548,204.40. Following the completion of the transaction, the senior vice president now owns 17,156 shares of the company’s stock, valued at $6,641,945.40. This represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,448 shares of company stock worth $3,543,172 over the last 90 days. 1.40% of the stock is owned by insiders.

CSW Industrials Stock Performance

NASDAQ CSWI opened at $291.40 on Thursday. The firm has a 50 day simple moving average of $334.49 and a 200-day simple moving average of $360.22. CSW Industrials, Inc. has a one year low of $221.10 and a one year high of $436.50. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 34.81 and a beta of 0.80.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating the consensus estimate 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid 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 yield of 0.33%. CSW Industrials’s dividend payout ratio is currently 11.47%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CSWI. Truist Financial initiated coverage on shares of CSW Industrials in a research report on Friday, February 14th. They set a “hold” rating and a $362.00 price objective for the company. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Wells Fargo & Company dropped their price target on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Citigroup dropped 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 report on Monday, January 13th. Finally, The Goldman Sachs Group dropped their price target 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. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $379.00.

CSW Industrials 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.