Oppenheimer Asset Management Inc. Buys 2,780 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Oppenheimer Asset Management Inc. boosted its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 29.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,074 shares of the basic materials company’s stock after acquiring an additional 2,780 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in CSW Industrials were worth $4,260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. National Bank of Canada FI bought a new position in shares of CSW Industrials during the 3rd quarter valued at about $28,000. IFP Advisors Inc boosted its stake in CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after buying an additional 97 shares in the last quarter. GAMMA Investing LLC grew its position in CSW Industrials by 94.3% during the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 66 shares during the last quarter. Peterson Financial Group Inc. bought a new position in CSW Industrials during the third quarter valued at approximately $72,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of CSW Industrials by 508.8% during the third 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 in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Up 2.7 %

Shares of NASDAQ:CSWI opened at $306.09 on Friday. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 36.57 and a beta of 0.84. CSW Industrials, Inc. has a 12 month low of $221.10 and a 12 month high of $436.50. The company has a 50-day moving average price of $343.87 and a 200-day moving average price of $360.62.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates 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 forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

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

Insider Buying and Selling at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the business’s 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 transaction, the chief executive officer now owns 49,698 shares in the company, valued at $19,371,286.44. The trade was a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $321.78, for a total transaction of $64,356.00. Following the completion of the sale, the director now owns 13,519 shares of the company’s stock, valued at $4,350,143.82. This trade represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,103 shares of company stock valued at $3,437,104. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CSWI shares. The Goldman Sachs Group cut their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Truist Financial assumed coverage on CSW Industrials in a research note on Friday, February 14th. They set a “hold” rating and a $362.00 price objective on the stock. Citigroup lowered their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company decreased their price target on 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, CSW Industrials presently has a consensus rating of “Hold” and a consensus price target of $379.00.

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.