TCTC Holdings LLC Has $650,000 Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

TCTC Holdings LLC increased its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,841 shares of the basic materials company’s stock after acquiring an additional 41 shares during the period. TCTC Holdings LLC’s holdings in CSW Industrials were worth $650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in CSWI. Janney Montgomery Scott LLC boosted its position in shares of CSW Industrials by 5.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 2,588 shares of the basic materials company’s stock worth $948,000 after acquiring an additional 128 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in CSW Industrials in the third quarter valued at approximately $349,000. Natixis Advisors LLC boosted its position in CSW Industrials by 2.0% in the third quarter. Natixis Advisors LLC now owns 47,744 shares of the basic materials company’s stock valued at $17,493,000 after buying an additional 916 shares in the last quarter. Mutual of America Capital Management LLC acquired a new stake in CSW Industrials in the third quarter valued at approximately $916,000. Finally, Peterson Financial Group Inc. acquired a new stake in CSW Industrials in the third quarter valued at approximately $72,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Stock Performance

CSWI stock opened at $291.01 on Monday. The company has a fifty day moving average price of $331.80 and a 200-day moving average price of $359.91. The company has a market capitalization of $4.88 billion, a P/E ratio of 34.77 and a beta of 0.80. CSW Industrials, Inc. has a 52-week low of $221.10 and a 52-week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share 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%. As a group, sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio is presently 11.47%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CSWI. Citigroup cut 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 report on Monday, January 13th. The Goldman Sachs Group cut 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. Wells Fargo & Company cut their target price on shares of 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 downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Truist Financial assumed coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a “hold” rating and a $362.00 price target for the company. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, CSW Industrials has a consensus rating of “Hold” and an average price target of $379.00.

Insider Buying and Selling

In other CSW Industrials news, SVP Luke Alverson sold 1,522 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 15,634 shares in the company, valued at approximately $5,599,473.44. This trade represents a 8.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $307.21, for a total transaction of $61,442.00. Following the completion of the sale, the director now owns 13,319 shares of the company’s stock, valued at $4,091,729.99. The trade was a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,067 shares of company stock valued at $1,844,438 over the last quarter. Insiders own 1.40% of the company’s stock.

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.