Jacobson & Schmitt Advisors LLC Trims Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Jacobson & Schmitt Advisors LLC cut its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,389 shares of the basic materials company’s stock after selling 157 shares during the quarter. CSW Industrials makes up approximately 2.6% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 14th biggest holding. Jacobson & Schmitt Advisors LLC owned about 0.23% of CSW Industrials worth $13,544,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Keene & Associates Inc. purchased a new position in CSW Industrials during the fourth quarter valued at approximately $529,000. Principal Financial Group Inc. increased its holdings in CSW Industrials by 4.8% during the fourth quarter. Principal Financial Group Inc. now owns 89,061 shares of the basic materials company’s stock valued at $31,421,000 after buying an additional 4,070 shares during the period. Congress Asset Management Co. increased its holdings in CSW Industrials by 1.2% during the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company’s stock valued at $72,745,000 after buying an additional 2,544 shares during the period. Rhumbline Advisers increased its holdings in CSW Industrials by 2.6% during the fourth quarter. Rhumbline Advisers now owns 45,015 shares of the basic materials company’s stock valued at $15,881,000 after buying an additional 1,144 shares during the period. Finally, MGB Wealth Management LLC increased its holdings in CSW Industrials by 4.6% during the fourth quarter. MGB Wealth Management LLC now owns 1,386 shares of the basic materials company’s stock valued at $489,000 after buying an additional 61 shares during the period. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Trading Down 1.6 %

Shares of NASDAQ CSWI opened at $314.44 on Thursday. CSW Industrials, Inc. has a 12-month low of $221.10 and a 12-month high of $436.50. The stock has a market cap of $5.28 billion, a PE ratio of 37.57 and a beta of 0.84. The company has a 50-day moving average of $353.95 and a 200 day moving average of $361.01.

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, beating the consensus estimate 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 forecast that CSW Industrials, Inc. will post 8.59 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

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

Insider Buying and Selling at CSW Industrials

In other CSW Industrials 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 value of $389,780.00. Following the transaction, the chief executive officer now directly owns 49,698 shares in the company, valued at $19,371,286.44. The trade was a 1.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert M. Swartz sold 200 shares of the business’s 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 in the company, valued at $4,865,443.35. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,103 shares of company stock worth $3,437,104 in the last ninety days. 1.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CSWI. Wells Fargo & Company cut their price objective on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Citigroup cut their price objective on shares of 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 lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Truist Financial started coverage on shares of CSW Industrials in a report on Friday, February 14th. They issued a “hold” rating and a $362.00 price target on the stock. Finally, The Goldman Sachs Group cut their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.