Maryland State Retirement & Pension System Has $2 Million Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Maryland State Retirement & Pension System grew its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,663 shares of the basic materials company’s stock after purchasing an additional 47 shares during the period. Maryland State Retirement & Pension System’s holdings in CSW Industrials were worth $1,998,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Xponance Inc. raised its holdings in shares of CSW Industrials by 12.1% in the fourth quarter. Xponance Inc. now owns 1,207 shares of the basic materials company’s stock valued at $426,000 after purchasing an additional 130 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of CSW Industrials by 64.2% in the fourth quarter. Intech Investment Management LLC now owns 7,763 shares of the basic materials company’s stock valued at $2,739,000 after purchasing an additional 3,035 shares during the last quarter. Kensington Investment Counsel LLC raised its holdings in shares of CSW Industrials by 1.0% in the fourth quarter. Kensington Investment Counsel LLC now owns 8,902 shares of the basic materials company’s stock valued at $3,141,000 after purchasing an additional 85 shares during the last quarter. TCTC Holdings LLC grew its stake in shares of CSW Industrials by 2.3% in the fourth quarter. TCTC Holdings LLC now owns 1,841 shares of the basic materials company’s stock valued at $650,000 after buying an additional 41 shares in the last quarter. Finally, Cibc World Markets Corp bought a new position in shares of CSW Industrials in the fourth quarter valued at $553,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CSW Industrials

In other news, EVP Don Sullivan sold 2,222 shares of CSW Industrials stock in a transaction on Monday, March 17th. The stock was sold at an average price of $292.12, for a total transaction of $649,090.64. Following the completion of the sale, the executive vice president now owns 24,853 shares of the company’s stock, valued at approximately $7,260,058.36. This trade represents a 8.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Friday, March 14th. The stock was sold at an average price of $289.97, for a total value of $289,970.00. Following the sale, the chief executive officer now directly owns 46,848 shares of the company’s stock, valued at $13,584,514.56. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,389 shares of company stock valued at $3,104,831. 1.40% of the stock is currently owned by corporate insiders.

CSW Industrials Price Performance

CSWI stock opened at $292.79 on Friday. The company has a fifty day moving average price of $324.96 and a two-hundred day moving average price of $358.05. CSW Industrials, Inc. has a one year low of $225.83 and a one year high of $436.50. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 34.98 and a beta of 0.80.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 EPS 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%. Research analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials’s dividend payout ratio is currently 11.47%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CSWI. Citigroup decreased their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Truist Financial began coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 target price for the company. The Goldman Sachs Group decreased their target price 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. Wells Fargo & Company decreased their target price on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.