Proficio Capital Partners LLC Has $71.32 Million Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Proficio Capital Partners LLC lifted its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 35,553.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 202,154 shares of the basic materials company’s stock after purchasing an additional 201,587 shares during the period. Proficio Capital Partners LLC owned approximately 1.20% of CSW Industrials worth $71,320,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CSWI. State Street Corp lifted its holdings in CSW Industrials by 71.7% in the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after buying an additional 255,849 shares during the period. Riverbridge Partners LLC acquired a new position in CSW Industrials in the fourth quarter valued at approximately $42,202,000. Principal Financial Group Inc. lifted its holdings in CSW Industrials by 1,046.2% in the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock valued at $31,140,000 after buying an additional 77,576 shares during the period. Loomis Sayles & Co. L P acquired a new position in CSW Industrials in the third quarter valued at approximately $25,589,000. Finally, Franklin Resources Inc. lifted its holdings in CSW Industrials by 2,006.7% in the third quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company’s stock valued at $22,702,000 after buying an additional 54,882 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSWI has been the topic of several analyst reports. The Goldman Sachs Group cut their price objective 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. 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. 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. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, 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 target price on the stock. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $379.00.

Insider Transactions at CSW Industrials

In other news, EVP Don Sullivan sold 1,965 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $760,749.75. Following the completion of the sale, the executive vice president now owns 30,804 shares of the company’s stock, valued at $11,925,768.60. This represents a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total transaction of $70,930.00. Following the sale, the director now directly owns 13,719 shares of the company’s stock, valued at $4,865,443.35. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,103 shares of company stock valued at $3,437,104 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

CSW Industrials Stock Performance

CSWI opened at $297.96 on Friday. The firm’s fifty day moving average is $346.14 and its two-hundred day moving average is $361.03. The firm has a market cap of $5.00 billion, a PE ratio of 35.60 and a beta of 0.84. CSW Industrials, Inc. has a twelve month low of $221.10 and a twelve month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

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

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.