CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 13.5% during the fourth quarter, Holdings Channel reports. The firm owned 7,236 shares of the basic materials company’s stock after selling 1,134 shares during the quarter. Victory Capital Management Inc.’s holdings in CSW Industrials were worth $2,553,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CSWI. Anchor Investment Management LLC raised its stake in shares of CSW Industrials by 2.5% in the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock valued at $472,000 after acquiring an additional 32 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of CSW Industrials by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock valued at $1,388,000 after acquiring an additional 34 shares in the last quarter. Morse Asset Management Inc raised its stake in shares of CSW Industrials by 2.3% in the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock valued at $594,000 after acquiring an additional 36 shares in the last quarter. OLD National Bancorp IN raised its stake in shares of CSW Industrials by 3.9% in the fourth quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company’s stock valued at $346,000 after acquiring an additional 37 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of CSW Industrials by 1.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 2,547 shares of the basic materials company’s stock valued at $899,000 after acquiring an additional 46 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Stock Performance

Shares of CSWI stock opened at $291.01 on Monday. The stock’s 50-day moving average is $331.80 and its two-hundred day moving average is $359.91. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 34.77 and a beta of 0.80. CSW Industrials, Inc. has a 1 year low of $221.10 and a 1 year high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (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%. As a group, research analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials’s payout ratio is 11.47%.

Insider Buying and Selling

In related news, SVP Luke Alverson sold 1,522 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $358.16, for a total transaction of $545,119.52. Following the transaction, the senior vice president now owns 15,634 shares of the company’s stock, valued at $5,599,473.44. This trade represents a 8.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $307.21, for a total value of $61,442.00. Following the transaction, the director now directly owns 13,319 shares in the company, valued at approximately $4,091,729.99. This represents a 1.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,067 shares of company stock valued at $1,844,438 over the last quarter. 1.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

CSWI has been the topic of several recent analyst reports. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Citigroup dropped their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group dropped their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company dropped their target price on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, Truist Financial initiated coverage on CSW Industrials in a report on Friday, February 14th. They issued a “hold” rating and a $362.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, CSW Industrials currently has an average rating of “Hold” and an average price target of $379.00.

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.