Intech Investment Management LLC Buys 3,035 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Intech Investment Management LLC raised its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 64.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,763 shares of the basic materials company’s stock after purchasing an additional 3,035 shares during the period. Intech Investment Management LLC’s holdings in CSW Industrials were worth $2,739,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in CSW Industrials by 7.4% in the third quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock valued at $142,536,000 after purchasing an additional 26,728 shares in the last quarter. Mutual of America Capital Management LLC acquired a new position in shares of CSW Industrials during the third quarter valued at about $916,000. Raymond James Financial Inc. acquired a new position in shares of CSW Industrials during the fourth quarter valued at about $18,197,000. Charles Schwab Investment Management Inc. grew its holdings in shares of CSW Industrials by 13.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock valued at $61,689,000 after buying an additional 19,659 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of CSW Industrials by 40.3% during the third quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock valued at $10,414,000 after buying an additional 8,161 shares during the last quarter. 82.79% of the stock is owned by institutional investors.

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 Wednesday, January 15th. The shares were sold at an average price of $378.32, for a total value of $378,320.00. Following the transaction, the chief executive officer now directly owns 48,848 shares in the company, valued at $18,480,175.36. The trade was a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Luke Alverson sold 1,522 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $358.16, for a total transaction of $545,119.52. Following the completion of the transaction, the senior vice president now owns 15,634 shares in the company, valued at approximately $5,599,473.44. The trade was a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,389 shares of company stock worth $3,104,831 over the last three months. 1.40% of the stock is currently owned by insiders.

CSW Industrials Stock Performance

CSW Industrials stock opened at $291.44 on Thursday. CSW Industrials, Inc. has a fifty-two week low of $225.83 and a fifty-two week high of $436.50. The stock has a market cap of $4.89 billion, a PE ratio of 34.82 and a beta of 0.80. The firm’s 50-day simple moving average is $327.71 and its 200 day simple moving average is $358.82.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share 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%. As a group, analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CSWI shares. Citigroup reduced their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Wells Fargo & Company reduced their price objective on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Truist Financial started coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 price objective for the company. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.