Conestoga Capital Advisors LLC Sells 3,045 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Conestoga Capital Advisors LLC trimmed its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 0.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 573,992 shares of the basic materials company’s stock after selling 3,045 shares during the quarter. CSW Industrials accounts for about 2.7% of Conestoga Capital Advisors LLC’s holdings, making the stock its 12th biggest holding. Conestoga Capital Advisors LLC owned approximately 3.41% of CSW Industrials worth $202,504,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. U.S. Capital Wealth Advisors LLC raised its position in CSW Industrials by 40.0% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,500 shares of the basic materials company’s stock worth $1,235,000 after purchasing an additional 1,000 shares during the period. Marietta Wealth Management LLC bought a new stake in shares of CSW Industrials in the 4th quarter valued at about $653,000. OLD National Bancorp IN grew its position in 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 acquiring an additional 37 shares during the last quarter. Pacer Advisors Inc. increased its stake in CSW Industrials by 24.2% in the 4th quarter. Pacer Advisors Inc. now owns 1,197 shares of the basic materials company’s stock worth $422,000 after purchasing an additional 233 shares during the period. Finally, KBC Group NV lifted its position in CSW Industrials by 60.5% in the fourth quarter. KBC Group NV now owns 706 shares of the basic materials company’s stock valued at $249,000 after purchasing an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group cut their target price 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. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Citigroup dropped their target price 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. Finally, Wells Fargo & Company reduced their price target on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a report on Friday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $384.67.

CSW Industrials Trading Up 0.5 %

NASDAQ:CSWI opened at $329.81 on Monday. The company has a 50-day moving average price of $378.25 and a 200-day moving average price of $359.45. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 39.40 and a beta of 0.84. CSW Industrials, Inc. has a 12 month low of $209.48 and a 12 month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data 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 return on equity of 15.72% and a net margin of 15.53%. Equities analysts forecast that CSW Industrials, Inc. will post 8.22 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 0.29%. CSW Industrials’s payout ratio is 11.47%.

Insiders Place Their Bets

In other news, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value of $70,930.00. Following the transaction, the director now directly owns 13,719 shares in the company, valued at $4,865,443.35. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Luke Alverson sold 1,416 shares of CSW Industrials stock in a transaction on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $548,204.40. Following the transaction, the senior vice president now owns 17,156 shares in the company, valued at $6,641,945.40. This represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,903 shares of company stock worth $3,777,538. 1.40% of the stock is currently owned by company insiders.

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.