Maryland State Retirement & Pension System Has $2 Million Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Maryland State Retirement & Pension System boosted its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,663 shares of the basic materials company’s stock after purchasing an additional 47 shares during the quarter. Maryland State Retirement & Pension System’s holdings in CSW Industrials were worth $1,998,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. National Bank of Canada FI acquired a new position in CSW Industrials in the third quarter valued at about $28,000. IFP Advisors Inc raised its stake in CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 97 shares in the last quarter. GAMMA Investing LLC raised its stake in CSW Industrials by 94.3% during the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 66 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in CSW Industrials during the fourth quarter worth about $51,000. Finally, Jones Financial Companies Lllp raised its stake in CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 123 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CSWI shares. Wells Fargo & Company lowered their target price on 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. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Truist Financial began coverage on CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 price target on the stock. Citigroup reduced their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Finally, The Goldman Sachs Group reduced their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $379.00.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $289.97, for a total value of $289,970.00. Following the sale, the chief executive officer now directly owns 46,848 shares in the company, valued at $13,584,514.56. This represents a 2.09 % 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 stock in a transaction that occurred 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 owns 13,719 shares in the company, valued at $4,865,443.35. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,389 shares of company stock worth $3,104,831 over the last ninety days. Insiders own 1.40% of the company’s stock.

CSW Industrials Trading Up 0.0 %

NASDAQ:CSWI opened at $292.79 on Friday. The stock has a market cap of $4.91 billion, a P/E ratio of 34.98 and a beta of 0.80. The stock’s 50-day moving average is $324.96 and its 200-day moving average is $358.05. CSW Industrials, Inc. has a 1-year low of $225.83 and a 1-year high of $436.50.

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

CSW Industrials Announces Dividend

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