CSW Industrials, Inc. (NASDAQ:CSWI) Shares Acquired by Navellier & Associates Inc.

Navellier & Associates Inc. lifted its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 67.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,736 shares of the basic materials company’s stock after buying an additional 697 shares during the period. Navellier & Associates Inc.’s holdings in CSW Industrials were worth $612,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp lifted its holdings in shares of CSW Industrials by 71.7% during the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after acquiring an additional 255,849 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of CSW Industrials by 1.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company’s stock valued at $211,420,000 after acquiring an additional 9,781 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of CSW Industrials by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock valued at $142,536,000 after acquiring an additional 26,728 shares in the last quarter. Congress Asset Management Co. lifted its holdings in shares of CSW Industrials by 1.2% during the 4th 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in CSW Industrials by 13.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock worth $61,689,000 after buying an additional 19,659 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Activity

In other news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $321.78, for a total value of $64,356.00. Following the completion of the transaction, the director now directly owns 13,519 shares of the company’s stock, valued at approximately $4,350,143.82. The trade was a 1.46 % 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 CSW Industrials stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the transaction, the chief executive officer now directly owns 49,698 shares of the company’s stock, valued at $19,371,286.44. This trade represents a 1.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,103 shares of company stock valued at $3,437,104. Company insiders own 1.40% of the company’s stock.

CSW Industrials Stock Performance

CSWI opened at $302.06 on Friday. The company has a 50-day moving average of $350.57 and a 200-day moving average of $361.08. The company has a market capitalization of $5.07 billion, a P/E ratio of 36.09 and a beta of 0.84. CSW Industrials, Inc. has a 1-year low of $221.10 and a 1-year high of $436.50.

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

CSW Industrials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is presently 11.47%.

Wall Street Analysts Forecast Growth

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