Laurus Investment Counsel Inc. Trims Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Laurus Investment Counsel Inc. trimmed its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 53.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,130 shares of the basic materials company’s stock after selling 8,110 shares during the quarter. CSW Industrials accounts for approximately 1.3% of Laurus Investment Counsel Inc.’s investment portfolio, making the stock its 19th largest holding. Laurus Investment Counsel Inc.’s holdings in CSW Industrials were worth $2,515,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in shares of CSW Industrials by 105.9% in the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after buying an additional 36 shares during the period. National Bank of Canada FI purchased a new stake in CSW Industrials during the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new stake in shares of CSW Industrials during the third quarter valued at $30,000. Peterson Financial Group Inc. acquired a new position in shares of CSW Industrials in the 3rd quarter valued at $72,000. Finally, Nisa Investment Advisors LLC raised its stake in CSW Industrials by 508.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 173 shares during the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the completion of the transaction, the director now owns 13,719 shares of the company’s stock, valued at $4,865,443.35. This trade represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $404.79, for a total transaction of $404,790.00. Following the completion of the sale, the chief executive officer now directly owns 50,698 shares in the company, valued at $20,522,043.42. This trade represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,903 shares of company stock valued at $3,777,538. 1.40% of the stock is currently owned by company insiders.

CSW Industrials Trading Up 0.5 %

CSWI opened at $329.81 on Friday. The firm has a market capitalization of $5.55 billion, a PE ratio of 44.81 and a beta of 0.85. CSW Industrials, Inc. has a twelve month low of $209.48 and a twelve month high of $436.50. The firm’s 50-day moving average price is $378.25 and its 200 day moving average price is $358.58.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 17.07% and a net margin of 13.77%. As a group, analysts predict that CSW Industrials, Inc. will post 8.22 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.29%. CSW Industrials’s dividend payout ratio is currently 13.04%.

Analysts Set New Price Targets

Several research firms have weighed in on CSWI. The Goldman Sachs Group dropped their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company lowered 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 note on Friday. Finally, 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $384.67.

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.