Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,590 shares of the basic materials company’s stock after buying an additional 35 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CSW Industrials were worth $1,267,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Anchor Investment Management LLC grew its stake in CSW Industrials by 2.5% during the 3rd quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 32 shares in the last quarter. Atria Investments Inc increased its stake in shares of CSW Industrials by 1.4% during the fourth quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company’s stock worth $835,000 after buying an additional 32 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of CSW Industrials by 0.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock worth $1,388,000 after buying an additional 34 shares during the period. Morse Asset Management Inc lifted its stake in 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 worth $594,000 after acquiring an additional 36 shares during the last quarter. Finally, OLD National Bancorp IN grew its holdings in CSW Industrials by 3.9% during the 4th quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company’s stock worth $346,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $378.32, for a total transaction of $378,320.00. Following the completion of the sale, the chief executive officer now owns 48,848 shares in the company, valued at $18,480,175.36. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James E. Perry sold 145 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.77, for a total transaction of $44,626.65. Following the completion of the sale, the chief financial officer now owns 23,282 shares in the company, valued at approximately $7,165,501.14. This trade represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,389 shares of company stock worth $3,104,831. 1.40% of the stock is currently owned by corporate insiders.

CSW Industrials Stock Up 1.5 %

NASDAQ:CSWI opened at $306.80 on Wednesday. CSW Industrials, Inc. has a fifty-two week low of $225.83 and a fifty-two week high of $436.50. The stock has a market cap of $5.15 billion, a PE ratio of 36.65 and a beta of 0.80. The firm’s fifty day simple moving average is $322.40 and its 200-day simple moving average is $358.86.

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, beating 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%. Equities analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.24 per share. The ex-dividend date was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 0.31%. CSW Industrials’s dividend payout ratio (DPR) is 11.47%.

Analyst Ratings Changes

CSWI has been the topic of several recent analyst reports. 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. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. The Goldman Sachs Group lowered their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Truist Financial started coverage on shares of CSW Industrials in a research report on Friday, February 14th. They set a “hold” rating and a $362.00 price objective for the company. Finally, Wells Fargo & Company dropped 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. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $379.00.

CSW Industrials Company 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.