Royce & Associates LP Lowers Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Royce & Associates LP decreased its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 19.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,574 shares of the basic materials company’s stock after selling 10,626 shares during the period. Royce & Associates LP owned 0.26% of CSW Industrials worth $15,373,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Swiss National Bank increased its holdings in shares of CSW Industrials by 7.9% during the 4th quarter. Swiss National Bank now owns 32,749 shares of the basic materials company’s stock worth $11,554,000 after buying an additional 2,400 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in CSW Industrials by 18.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,267 shares of the basic materials company’s stock worth $11,031,000 after acquiring an additional 4,945 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of CSW Industrials by 5.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company’s stock worth $291,000 after purchasing an additional 46 shares during the period. HighTower Advisors LLC lifted its stake in shares of CSW Industrials by 7.7% in the 4th quarter. HighTower Advisors LLC now owns 3,796 shares of the basic materials company’s stock valued at $1,339,000 after purchasing an additional 272 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of CSW Industrials by 4.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,865 shares of the basic materials company’s stock worth $1,011,000 after purchasing an additional 123 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CSWI. Truist Financial started coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 target price on the stock. The Goldman Sachs Group reduced 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 research note on Monday, February 3rd. Citigroup reduced their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, Wells Fargo & Company lowered 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 report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $379.00.

Insider Buying and Selling at CSW Industrials

In other news, CFO James E. Perry sold 145 shares of CSW Industrials stock in a transaction dated 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 directly owns 23,282 shares of the company’s stock, valued at approximately $7,165,501.14. The trade was a 0.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $378.32, for a total transaction of $378,320.00. Following the sale, the chief executive officer now directly owns 48,848 shares of the company’s stock, valued at approximately $18,480,175.36. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,067 shares of company stock worth $1,844,438 over the last 90 days. Insiders own 1.40% of the company’s stock.

CSW Industrials Stock Performance

NASDAQ:CSWI opened at $291.01 on Monday. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 34.77 and a beta of 0.80. CSW Industrials, Inc. has a one year low of $221.10 and a one year high of $436.50. The stock has a 50-day simple moving average of $331.80 and a 200 day simple moving average of $359.91.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. On average, equities research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal 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 dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.33%. CSW Industrials’s payout ratio is 11.47%.

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.