Sei Investments Co. Acquires 9,752 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Sei Investments Co. raised its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 21.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 54,600 shares of the basic materials company’s stock after purchasing an additional 9,752 shares during the quarter. Sei Investments Co.’s holdings in CSW Industrials were worth $19,263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CSWI. State Street Corp raised its stake in CSW Industrials by 71.7% in 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 during the period. Geode Capital Management LLC raised its position in shares of 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 valued at $142,536,000 after purchasing an additional 26,728 shares during the period. Congress Asset Management Co. lifted its stake 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 worth $72,745,000 after buying an additional 2,544 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of CSW Industrials by 35,553.3% during the 4th quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company’s stock worth $71,320,000 after buying an additional 201,587 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of CSW Industrials by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 175,131 shares of the basic materials company’s stock valued at $61,786,000 after purchasing an additional 6,762 shares during the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Trading Down 1.2 %

Shares of CSWI stock opened at $296.08 on Friday. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 35.37 and a beta of 0.80. The business’s 50-day moving average price is $319.00 and its 200-day moving average price is $358.01. CSW Industrials, Inc. has a 12 month low of $226.05 and a 12 month high of $436.50.

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

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials’s dividend payout ratio is currently 11.47%.

Analysts Set New Price Targets

Several equities analysts recently commented on CSWI shares. Truist Financial assumed coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 price target on the stock. 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 objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. The Goldman Sachs Group lowered their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company reduced 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $379.00.

Insiders Place Their Bets

In other CSW Industrials news, EVP Don Sullivan sold 2,222 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $649,090.64. Following the completion of the transaction, the executive vice president now owns 24,853 shares in the company, valued at approximately $7,260,058.36. This trade represents a 8.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $289.97, for a total transaction of $289,970.00. Following the completion of the sale, the chief executive officer now directly owns 46,848 shares in the company, valued at approximately $13,584,514.56. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,389 shares of company stock valued at $3,104,831. 1.40% of the stock is currently owned by company insiders.

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.