Horizon Kinetics Asset Management LLC Lowers Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Horizon Kinetics Asset Management LLC reduced its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,400 shares of the basic materials company’s stock after selling 600 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in CSW Industrials were worth $1,905,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CSWI. Janney Montgomery Scott LLC grew its stake in shares of CSW Industrials by 5.2% in the third quarter. Janney Montgomery Scott LLC now owns 2,588 shares of the basic materials company’s stock worth $948,000 after purchasing an additional 128 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of CSW Industrials in the third quarter worth about $349,000. Natixis Advisors LLC grew its stake in shares of CSW Industrials by 2.0% in the third quarter. Natixis Advisors LLC now owns 47,744 shares of the basic materials company’s stock worth $17,493,000 after purchasing an additional 916 shares during the last quarter. Mutual of America Capital Management LLC bought a new stake in shares of CSW Industrials in the third quarter worth about $916,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of CSW Industrials in the third quarter worth about $72,000. 82.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CSWI shares. Truist Financial started coverage on CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 target price on the stock. The Goldman Sachs Group reduced their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company reduced their target price on 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 downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Citigroup reduced their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, CSW Industrials currently has an average rating of “Hold” and an average price target of $379.00.

CSW Industrials Stock Up 2.6 %

Shares of CSWI opened at $291.01 on Monday. The business’s 50 day moving average price is $331.80 and its 200-day moving average price is $359.91. CSW Industrials, Inc. has a 52 week low of $221.10 and a 52 week high of $436.50. The stock has a market cap of $4.88 billion, a P/E ratio of 34.77 and a beta of 0.80.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. On average, equities analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.24 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.33%. CSW Industrials’s dividend payout ratio (DPR) is presently 11.47%.

Insider Activity at CSW Industrials

In related news, SVP Luke Alverson sold 1,522 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $358.16, for a total value of $545,119.52. Following the transaction, the senior vice president now directly owns 15,634 shares of the company’s stock, valued at approximately $5,599,473.44. This represents a 8.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total value of $70,930.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,067 shares of company stock valued at $1,844,438. 1.40% of the stock is owned by corporate insiders.

CSW Industrials Company 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.