CSW Industrials, Inc. (NASDAQ:CSWI) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,131 shares of the basic materials company’s stock after purchasing an additional 6,762 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in CSW Industrials were worth $61,786,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CSWI. State Street Corp lifted its position in shares of CSW Industrials by 71.7% in the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after buying an additional 255,849 shares during the last quarter. Geode Capital Management LLC lifted its holdings in CSW Industrials by 7.4% in the third quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock worth $142,536,000 after acquiring an additional 26,728 shares during the last quarter. Congress Asset Management Co. boosted its stake in CSW Industrials by 1.2% in the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company’s stock valued at $72,745,000 after acquiring an additional 2,544 shares during the period. Proficio Capital Partners LLC boosted its stake in CSW Industrials by 35,553.3% in the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company’s stock valued at $71,320,000 after acquiring an additional 201,587 shares during the period. Finally, Riverbridge Partners LLC bought a new position in shares of CSW Industrials during the fourth quarter valued at approximately $42,202,000. Institutional investors own 82.79% of the company’s stock.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CFO James E. Perry sold 145 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $307.77, for a total value of $44,626.65. Following the transaction, the chief financial officer now owns 23,282 shares of the company’s stock, valued at approximately $7,165,501.14. This represents a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Don Sullivan sold 1,965 shares of the firm’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 $760,749.75. Following the sale, the executive vice president now directly owns 30,804 shares of the company’s stock, valued at approximately $11,925,768.60. This represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,448 shares of company stock valued at $3,543,172. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Citigroup reduced their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Truist Financial assumed coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 price target for the company. Wells Fargo & Company lowered 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. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group decreased their target price 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $379.00.

CSW Industrials Stock Down 0.9 %

Shares of NASDAQ CSWI opened at $291.40 on Thursday. The stock has a market cap of $4.89 billion, a P/E ratio of 34.81 and a beta of 0.80. The firm’s 50-day simple moving average is $334.49 and its 200 day simple moving average is $360.22. CSW Industrials, Inc. has a fifty-two week low of $221.10 and a fifty-two week high of $436.50.

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

CSW Industrials Announces Dividend

The company also recently declared 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. This represents a $0.96 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials’s payout ratio is currently 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.