Natixis Advisors LLC Sells 1,307 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Natixis Advisors LLC lessened its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,437 shares of the basic materials company’s stock after selling 1,307 shares during the period. Natixis Advisors LLC owned about 0.28% of CSW Industrials worth $16,383,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC increased its holdings in CSW Industrials by 2.5% during the 3rd quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 32 shares in the last quarter. Atria Investments Inc increased its holdings in CSW Industrials by 1.4% during the 4th quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company’s stock worth $835,000 after purchasing an additional 32 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of CSW Industrials by 0.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock worth $1,388,000 after buying an additional 34 shares during the last quarter. Morse Asset Management Inc boosted its stake in shares of CSW Industrials by 2.3% during the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock worth $594,000 after buying an additional 36 shares during the last quarter. Finally, OLD National Bancorp IN boosted its stake in shares of CSW Industrials by 3.9% during the 4th quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company’s stock worth $346,000 after buying an additional 37 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Stock Performance

Shares of NASDAQ:CSWI opened at $286.11 on Wednesday. CSW Industrials, Inc. has a 52-week low of $225.83 and a 52-week high of $436.50. The company has a market capitalization of $4.80 billion, a P/E ratio of 34.18 and a beta of 0.80. The company has a 50-day simple moving average of $329.10 and a 200 day simple moving average of $359.29.

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

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.24 per share. The ex-dividend date was Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.34%. CSW Industrials’s dividend payout ratio (DPR) is presently 11.47%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CSWI. 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 research note on Monday, January 13th. Truist Financial began coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a “hold” rating and a $362.00 price objective for the company. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. 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 research note on Friday, January 31st. Finally, The Goldman Sachs Group reduced 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. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $379.00.

Insiders Place Their Bets

In other CSW Industrials news, CFO James E. Perry sold 145 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $307.77, for a total transaction of $44,626.65. Following the completion of the sale, the chief financial officer now directly owns 23,282 shares in the company, valued at $7,165,501.14. This trade represents a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction that occurred 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 owns 13,719 shares of the company’s stock, valued at $4,865,443.35. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,389 shares of company stock worth $3,104,831 over the last three months. Insiders own 1.40% of the company’s stock.

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.